Guest Fred Dutcher Posted June 4, 1999 Report Share Posted June 4, 1999 It is generally the case in a gov't hospital 403b plan that when a participant files Chapter 7 that the assets in his account are available to creditors, unlike a qualified plan under ERISA? Link to comment Share on other sites More sharing options...
Guest ESOPwizard Posted June 5, 1999 Report Share Posted June 5, 1999 I believe that there was a ruling on this published within the last week. Even if the 403(B) is not subject to the anti-alienation rules of ERISA, the account or annuity may be protected under state law. I recommend that you talk to a bankruptcy attorney. Link to comment Share on other sites More sharing options...
Ellie Lowder Posted June 17, 1999 Report Share Posted June 17, 1999 H.R.833 (The Bankruptcy Reform Bill) passed the House on May 5 - but even if it passes the Senate, I understand Clinton is expected to veto the bill. It extends federal bankruptcy protection to IRAs, 457, 403(B)s and other pre-tax retirement plans. Link to comment Share on other sites More sharing options...
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