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Are Individual Retirement Accounts (IRA’s) Protected When You File Bankruptcy?
Submitted by the Bond & Botes Law Offices - Friday, February 15, 2013
Most of the time an IRA or Roth-IRA is protected or exempt by both Federal and State Exemption Laws. The Tennessee exemption law is found at T.C.A. §26-2-105 and provides that as long as the retirement plan is qualified by the Internal Revenue Code the funds are exempt from any and all claims of creditors, except the state of Tennessee. The Federal exemption which is found at 11 U.S.C.
