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Up to $1,000,000.00 in an IRA is exempt in bankruptcy. Also, nearly all pensions and 401K savings plans that are qualified under ERISA, the federal pension savings act, have an anti alienation clause that excludes them from the bankruptcy estate.
That being said, you should be safe with regard to any retirement funds.
To be eligible for a chapter 7, you have to pass the means test: http://www.totalbankruptcy.com/chapter-7/requirements/means-test.aspx
What about Profit Sharing Funds paid...also exempt?
I'll accept regardless, but wanted to know about profit sharing?
Thanks you, Nanci
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