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Title : Your Retirement Account - Why You Should Save it For Retirement
link : Your Retirement Account - Why You Should Save it For Retirement

Your Retirement Account - Why You Should Save it For Retirement

A frustrating situation that bankruptcy attorneys are often faced with is meeting clients who have drained their retirements in an effort to avoid bankruptcy, only to end up filing anyway. In a bankruptcy situation, funds in a qualified retirement account are exempt to over $1 million dollars - a limit not generally approached by most debtors.

People sometimes use loans and disbursements as a band-aid for their financial troubles. If this approach is not going to "cure" the problem, then you should avoid these false "solutions". The best decision you could make in considering resolution of your financial difficulties is to seek the advice of an experienced bankruptcy attorney.

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