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Bankruptcy Protection for Retirement Plan Assets
FIS Relius 
May 19, 2005 Excerpt: On April 20th, the President signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ('Act'). The Act makes significant changes in the bankruptcy rules, including adding specific protections for retirement plans. The Act goes into effect for bankruptcy petitions filed after October 16, 2005. Retirement Plans. The new law exempts from the bankruptcy estate assets held by a qualified plan, 403(b) plan, 457 plan or IRA (traditional, Roth, SEP and SIMPLE). MORE >> |
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