Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarification
No 401k and IRA are protected in bankruptcy cases,
In Ohio, retirement funds, including 401k are exempt. That means it is safe from the bill collectors.
and the Court and trustee in a bankruptcy cannot ask you to use the money to pay off any of your bills,
401K and IRA accounts are to be used for retirement, only
Thank you. We certainly do not want to file bankruptcy. We have lived in this house for 20 years but my husband's health is so bad and he may lose his job because of it.
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