Your Retirement Plan in Bankruptcy

If you file for Chapter 7 bankruptcy or Chapter 13 bankruptcy, you get to keep your pension and retirement plan funds, with a few limitations. If you are considering bankruptcy, you should learn about these limits.

Can I Keep My Tax Refund in Chapter 7 Bankruptcy?

Learn how some simple planning can allow you to keep your tax refund if you file for Chapter 7 bankruptcy.

Can You Keep Your Earned Income Tax Credit (EITC) in Bankruptcy?

When you file bankruptcy, any income tax refunds payable to you become part of your bankruptcy estate.

How to Spend Down Tax Refunds in Chapter 7 Bankruptcy

I cannot exempt all of the tax refunds that are part of my bankruptcy estate. Is there any other way I can keep them?

Can I Keep HSA or MSA Funds in Chapter 7 Bankruptcy?

If you have money set aside in a Health Savings Account (HSA) or Medical Savings Account (MSA) and file for Chapter 7 bankrup

Can I Dismiss My Bankruptcy If the Trustee Plans to Sell My Property?

When you file for Chapter 7 bankruptcy, the trustee sells your nonexempt property and uses the proceeds to repay your creditors.

Can I Keep a Lawsuit Award or Settlement If I File for Chapter 7 Bankruptcy?

If you file for Chapter 7 bankruptcy, whether you can keep the money you get (or will get) from a lawsuit judgment or settlement depends on the law in your state.

Can I Keep Social Security Benefits in Chapter 7 Bankruptcy?

Social security benefits are exempt in Chapter 7 bankruptcy, which means you get to keep them.

Lotto Winnings in Chapter 7 Bankruptcy

What happens if you win the lottery around the same time that you file for Chapter 7 bankruptcy?

Can I Keep Pets in Chapter 7 Bankruptcy?

Most people can keep their pets in Chapter 7 bankruptcy. But if your pet expenses are high, it could cause problems qualifying for Chapter 7.

I received a large settlement in a personal injury case. Will I lose it in Chapter 7 bankruptcy?

Whether you can keep your personal injury settlement award in Chapter 7 bankruptcy depends on state law.

Can I keep a bonus I receive after filing for Chapter 7 bankruptcy?

In some cases, the Chapter 7 bankruptcy trustee may be entitled to take a bonus you receive after your filing date.

Can I keep a checking account if I file for Chapter 7 bankruptcy?

You can probably keep your checking account in Chapter 7 bankruptcy if the funds are exempt and you don't owe money to the bank.

What Happens to Leases and Contracts in Chapter 7 Bankruptcy?

If you have an unexpired lease or executory contract when you file for Chapter 7 bankruptcy, the bankruptcy trustee may "assume" or terminate the lease or contract.