Central Arkansas 401(k) Protection Attorneys
While there are many assets that people are concerned about protecting while filing bankruptcy, retirement accounts are among the most important because they are so closely tied to a person's future financial well-being. In the past, bankruptcy law did not include IRAs among the exemptions, so people had a valid reason for concern. However, recent changes to the bankruptcy law mean that your future financial well-being will be protected.
At the Pray Law Firm in North Little Rock, Arkansas, our goal is to help you overcome your debt and give you a fresh start on your financial future. We want to guide you toward a future in which you are financially stable, and obviously protecting your retirement savings is critical.
Retirement Accounts Are Exempt in Bankruptcy
Whether you file bankruptcy using state exemptions or federal exemptions, your retirement accounts are protected. 401(k)s, pensions, individual retirement accounts (IRA) and other types of retirement accounts are specifically protected.
We have handled thousands of bankruptcy cases for people throughout the state. Our lawyers understand that every case is unique. While there are certainly common themes, and everyone who has a retirement account wants to protect it, this is just one of many issues that need to be addressed. We are here to answer all your questions and make certain that you are able to overcome unmanageable debt without jeopardizing what is important to you.
Contact Us for a Free Consultation
To speak with one of the North Little Rock retirement account attorneys at our firm, call 501-588-7044, or contact us by e-mail.
