Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
Hi - my name is ***** ***** I'll be glad to assist.
Most ESOP and stock option plans are not exempt in bankruptcy, so if you withdraw funds to use on something like his, the trustee could object to the transaction and att wot to reverse or change it.
Thus, if you were to do this, you may want to wait a year or more before filing.
I'm a real lawyer with 13 years of practice. But, you're certainly entitled to your opinion or to not agree ---- and I hope I'm wrong for your sake ---- but espo's aren't ERISA protected accounts or viewed as retirement accounts.