I read that you could file for a statement of exemption

Posted by Maxwell (64.12.96.205) on March 26, 2003 at 19:27:50:

Could a person have $20,000 in an IRA that was exempt from garnishment and not pay creditors owed?

If I have $20,000 in an IRA and I owe $15,000 in credit card bills - could I still keep my IRA and not pay anyone?

It seems unfair to creditors?

Max

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• Re: I read that you could file for a statement of exemption observer 03/26/03 (3)
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