Are federal retirement annuities safe from bankruptcy?

Answer One of the ultimate goals of seeking bankruptcy protection is to attempt to protect as many of your assets as possible. If you contemplate filing for bankruptcy, you may wonder whether federal reti... Read More »

Top Q&A For: Are federal retirement annuities safe from bank...

How Safe Are Annuities From Loss of Principal?

When you need to save money for your retirement, an annuity contract offers an alternative, or addition to, IRAs and 401k plans. An annuity is an insurance policy that guarantees a monthly payment ... Read More »

Are interests in Florida retirement plans really safe from creditors?

On One Hand: Retirement Savings Are Protected.Under Florida and federal law, most retirement savings are protected from creditors. Social Security wages can never be garnished, and most pension fun... Read More »

Is Property in a Trust Safe From Bankruptcy?

There are many different types of trusts, and whether trust property has protection from bankruptcy depends on the type of trust. The broad category types of trusts that have issues with bankruptcy... Read More »

In Chapter 7 Bankruptcy can you use the Homestead Federal Bankruptcy Exemption to keep your 120000paid off condominium with a lien against it for an 11000credit card debt in pa?

Your right that PA has no special homestead exemption for BK and you would rely on the Federal one.The lien (the Cr Card one), is essentially the same as a first position mortgage against the prope... Read More »