Bankruptcy Attorney Serving South Florida
You have spent your working life saving for your retirement. If you file bankruptcy, what will happen to those savings?
The good news for people filing bankruptcy is that retirement accounts are entirely protected in bankruptcy. Creditors simply cannot take control of funds you have in your 401(k) and IRA accounts. This includes inherited IRA accounts. Funds in other types of tax-deferred accounts, such as 529 or Coverdell Education Savings Accounts, are exempt as well, with some exceptions.
At The Law Offices of John E. Mufson, we use the bankruptcy system to help our clients keep their assets while obtaining debt relief. Attorney John Mufson has a comprehensive understanding of the bankruptcy exemptions available under federal and Florida laws, and he will work to protect as many assets as possible.
Lake Worth Asset Protection Lawyer Serving South Florida
If you are having trouble meeting your mortgage payment or paying other bills, do not dip into your retirement savings. We have debt relief solutions that can help you keep the funds in your retirement accounts.
In a free consultation, John Mufson can review your case and explain your debt relief options, which include Chapter 7 and Chapter 13 bankruptcy. He will then develop a plan designed to help you obtain maximum debt relief while enabling you to keep as many assets as possible. In a few short months, you could get debt relief and the opportunity to start again, free from the threats of repossession, foreclosure and collection lawsuits.