Is my IRA protected from collectors without filing for bankruptcy?
Question Details:
Under the laws of all states in this country one's 401 k account or IRA account is exempt from a judgment creditor's levy upon it without the judgment debtor having to file for bankruptcy protection. If the judgment creditor levies upon your IRA account, you need to file a claim of exemption in a timely manner with the court to preclude the distribution of the IRA money.
