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other received a hospital debt for four grand and is worried that a hospital could sue her ira for it .shed pay it but is only living on social security and cant afford to pay out the last four grand in a hospital debt

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Q: Is an IRA protected from lawsuits?
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Related questions

Is my rollover IRA protected from creditors in Grand Rapids, Michigan?

Your IRA is protected from Creditors, they have no right to bother your IRA.


Would assets in an inherited ira be protected from creditors in a chapter 7 bankruptcy?

No the IRA would no longer be protected having been inherited.


What type of annuity is protected from lawsuits liens and judgments?

None


Is your beneficiary IRA protected from creditors?

yes


Can IRA be seized by a creditor?

No, the are protected by the courts.


Are assets in a self directed IRA protected from creditors or bankruptcy?

Yes Yes


What about claw back in IRA funds lost via fraud How retroactive can the claw back rule extend in an IRA?

No !!!! IRA's are protected under ERISA against any creditor for any reason.


Is an IRA protected under chapter 7 Like a 401K is protected when filing chapter 7?

all ERISA qualified retirement plans are protected from creditors in a BK.


Are annuities protected when filing bankruptcy?

Only if they are in a qualified retirement plan, like an IRA.


Is a roth IRA protected from bankruptcy court?

http://www.bankrate.com/brm/news/ira/20010829a.asp?prodtype=grn Anyone have more current information? Or is info still current?


Can you keep your IRA when you file for bankruptcy?

Absolutely. It being exempt from creditors is a main benefit of qualified retirement accounts. Not "absolutely." Properly established IRAs are protected up to one million dollars, and a bankruptcy court can extend that higher. Any money that you withdraw from an IRA, unless it is all placed in another IRA or a 401(k) or other qualified retirement plan, is not protected.


How can you unfreezse a IRA account through child support services?

An IRA is a retirement account for which there are heavy tax penalties for early withdrawal--and that is if you are willing. Most likely tax qualified retirement assets are protected from judgments and garnishments.