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Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 31781
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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Can my retirement funds (privately owner directed IRA) be garnished

Customer Question

Can my retirement funds (privately owner directed IRA) be garnished from judgments steaming of a default on contractual alimony (which is excluded from discharge in bankruptcy) but is governed in Texas under contract law ("contractual alimony" is considered different in Texas from court imposed statutory spousal support). ALso, I need to know if these retirement accounts can be garnished from judgements coming from my other payments included in my divorce decree. Despite having been an outstanding husband and professor of Medicine for 30 years I came out destitute from a badly handled divorce case. Please provide some guidance. Thank you.
Poor Doc
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 7 years ago.
In Texas, garnishments are allowed only for child support and Student loans only:

Bear with me and I'll try to provide more information.
Customer: replied 7 years ago.
Thank you for the very informative link you provided. I must have one point of your answer clarified. I'm not retired yet. Can the money sitting on my retirement plans be taken (I don't know if "garnished" is the appropiate word). Thank you for your clarification.
Expert:  Roger replied 7 years ago.
Roger and other Bankruptcy Law Specialists are ready to help you