Helping You Keep Your Valued Assets Intact
Misconceptions about bankruptcy often prevent South Florida residents from asserting their rights. One of the most common myths is that all your assets will be stripped from you the minute you file. This is not true. No one will show up at your home and remove your possessions. Most importantly, no one is going to seize your IRA or 401k.
At the bankruptcy law firm of Chris R. Borgia, Esq., our job is not only to represent you in a Chapter 7 or Chapter 13 bankruptcy filing, but also dispel assumptions that do more harm than good.
Rest assured that your 401k and IRA are likely safe and cannot be touched by a bankruptcy trustee. For more information and aggressive representation in protecting your assets, contact our Miami office at 305-562-7333.
Protecting Retirement Assets, Including 401k's and IRA's
As an exempt asset, your 401k will not be included in a bankruptcy filing. Protecting your IRA is based on your age and the expenses you need to support your family. In most cases, that account is exempt as well and will not be turned over to your creditors. It is possible to keep your retirement assets intact following a bankruptcy filing.
Diligent, Fact-Based Representation on Your Behalf
At the bankruptcy law firm of attorney Chris R. Borgia, Esq., we believe that knowledge is the power you need to get a fresh start through bankruptcy. Deciding on bankruptcy should be a decision made after much thought and exploration of other options. Once you decide, you need to have the facts. Fearing the loss of a 401k or IRA and delaying a bankruptcy filing can do more harm than good.
Contact Us
For more information or to schedule an appointment with an experienced lawyer in regards to protecting your assets, please contact us.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
