Using Your Retirement to Pay Debt? Despite warnings from financial experts, more debtors are withdrawing money from their retirement account to pay off debt and avoid bankruptcy. But early withdrawal of money from a...
Many analysts suspect that unemployment benefits will not be extended and already millions of Americans have exhausted their access to those benefits. Many of these so-called 99ers are at the end of their rope...
Many debtors ask about what they should do before filing bankruptcy; but what about the things that debtors shouldn't do before filing bankruptcy? Things debtors should avoid before filing bankruptcy: Don't raid your retirement...
Under 2005 bankruptcy reform, IRAs now enjoy projection when a debtor files for bankruptcy. Traditional and Roth IRA accounts with up to $1,171,650 in them are protected from creditor seizure during bankruptcy. That amount is reviewed...
In the bankruptcy case of Radinick, Kimberly A.; In re (Bohm, Trustee, v. Radinick), the bankruptcy court ruled that any interest in a debtor's estranged spouse's property which was awarded to the debtor in...
Already U.S. life expectance is 80 years and the CDC predicts that many Americans could live to be 100 years old. But what does that extra 20 years of life mean for America's retirees? ...
Many debtors finding it difficult to keep up with their bills are tempted to borrow against their retirement funds to keep their head above water. Reductions in salary and especially unemployment can appear to...
