A Bankruptcy and Debt Relief Lawyer and Attorney Andy Miofsky

2249 Pontoon Road, Granite City Illinois 62040


An Illinois Bankruptcy Lawyer and Attorney 618-931-1313 Offering Chapter 7 and Chapter 13 Bankruptcy Attorney information in Madison, St Clair & Southern Illinois counties

401k and Retirement is Exempt
No, you should not use your 401k or any retirement account to pay off debt.   Money saved for retirement in qualified accounts is usually exempt from creditors and is generally not part of the bankruptcy estate.  These assets will stay with you through and after bankruptcy.  Retirement money should be used for retirement, a time when you most will need it.  If you waste these assets now, you will have less to support yourself in the future.
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