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IRAs Shielded in Bankruptcy, Justices Rule
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In a unanimous decision, the Supreme Court says creditors may not seize money in the retirement accounts to collect on debts.
By David G. Savage
Times Staff Writer
April 5 2005
WASHINGTON; The Supreme Court ruled Monday that people who file for bankruptcy protection can keep the money saved in their individual retirement accounts.
The complete article can be viewed at:
http://www.latimes.com/news/nationworld/na...0,7779662.story