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View Full Version : Can a creditor seize an IRA?


pleaseme
Sep 14, 2009, 09:50 AM
When filing for banckrupcy can a creditor seize any or all of your assets?

ebaines
Sep 14, 2009, 10:33 AM
Depends. If you declare bankruptcy then you can shield up to $1 million of your IRA. Individual states also have laws that may limit your exposure even if you don't declare bankruptcy, so it depends where you live.