Bankruptcy Protection - Retirement Accounts
Filing for bankruptcy can be a frightening and stressful experience. If you are feeling overwhelmed with debt and are contemplating bankruptcy, knowing the legal protections afforded to you may prevent you from making a costly mistake.
ERISA Plans
The Employee Retirement Income Security Act of 1974 (ERISA) was established to protect assets placed into retirement accounts during a person's working life. An ERISA plan is an employer-sponsored retirement plan that falls