Huntsville Attorney: Retirement Protection During Bankruptcy
Answers To Your Bankruptcy Questions
At the law office of Jack B. Sabatini, Attorney at Law, we often answer questions about what happens to retirement accounts during bankruptcy. Depending on your age, you may have accumulated hundreds of thousands of dollars in a 401(k) and other investment and savings accounts in preparation for retirement. Understandably, you do not want to jeopardize this money and your ability to retire on schedule.
If you are considering filing for Chapter 7 or Chapter 13 bankruptcy, it is important to seek experienced legal advice from a lawyer who is deeply familiar with bankruptcy laws. Alabama attorney Jack B. Sabatini has been assisting individuals and families with bankruptcy for more than 30 years. To schedule a free initial consultation with Mr. Sabatini, call 256-534-4557 or contact us online.
What Will Happen To My Retirement Accounts?
Most people do not realize that most funds in qualified retirement plans (those that are tax-exempt) can be protected in a bankruptcy — both 401(k)s and individual retirement accounts (IRAs) fall into this category.
In order to protect your retirement assets, you and your attorney must declare the accounts exempt in your bankruptcy petition.
401(k) And Bankruptcy Attorney Serving Decatur And Surrounding Areas
The first step in turning your financial situation around is to contact the law office of Jack B. Sabatini, Attorney at Law. Call us at 256-534-4557 or email our law firm to schedule a meeting with Jack B. Sabatini, a Huntsville lawyer for retirement protection during bankruptcy.
We are located in Huntsville and serve clients throughout the surrounding area in cities such as Decatur, Madison and Scottsboro.
We offer free initial consultations.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Jack B. Sabatini
Attorney at Law 108 South Side Square Huntsville, AL 35801