As you’re preparing for bankruptcy, you probably already know that this is a serious decision that is going to affect your financial future. Your credit will take a hit for the next 7 to 10 years.
While bankruptcy will eliminate debt and affect your credit outlook for a while, you do not typically have to worry about your retirement accounts. These monies are safe from creditors during bankruptcy.
Don’t make the mistake of closing these accounts or withdrawing from them to pay off outstanding debt. In other words, don’t mess up retirement to pay off debts that you have now. Call Collins & Arnove for more information from a bankruptcy attorney in Plano, TX.
Collins & Arnove | Bankruptcy Attorney Plano TX | 972-516-4255