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Are retirement accounts exempt from creditors in a bankruptcy?

April 26, 2017Bankruptcy Creditors exempt retirement accounts

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Are retirement accounts exempt from creditors in a bankruptcy?

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Most IRAs, ERISA qualified pension plans, 401K plans, 403 plans and most retirement accounts cannot be touched in a bankruptcy. For example, you could have $100,000 in a 401K account, keep the whole account and wipe out your creditors.