Cincinnati Bankruptcy Protection Lawyers
Many people who are considering filing bankruptcy hesitate out of fear that they will lose everything. You should not surrender to this fear. The funds you have in your 401(k), IRA, pension plan and 403(b) accounts cannot be taken by creditors. Your 529 plan account, Coverdell education savings account (ESA) and annuities may also be out of the reach of creditors.
At Zingarelli & Lawrence, we protect our clients' assets and help them obtain debt relief through the bankruptcy system. We will work hard to help you take full advantage of the bankruptcy laws while enabling you to keep as much of your property as possible.
Reach out to Zingarelli & Lawrence for help with your debt problems. Contact us today for a no-obligation consultation.
Don't Burn Up Your Retirement Savings
Some people tap into their 401(k) and IRA accounts to pay their bills. This is a big mistake. It will significantly increase your tax liabilities, and those funds will be difficult if not impossible to replace.
Instead, you should speak with an experienced bankruptcy attorney to discuss your options. By filing bankruptcy, you can discharge or reduce your debts while preserving your precious retirement assets. And with greater cash flow, it will be easier to pay your monthly bills.
When you retain Zingarelli & Lawrence, we will develop a plan designed to obtain maximum debt relief while enabling you to protect as many of your assets as possible.
Chapter 13 Bankruptcy and Retirement Accounts
The bankruptcy laws have many provisions that can protect your assets. For example, in a Chapter 13 bankruptcy, you can continue to make contributions to a 401(k) or IRA and receive the tax benefits of those contributions. If you have withdrawn funds from a 401(k) or IRA, you can pay back those retirement loans as part of your repayment plan.
Zingarelli & Lawrence has helped many people in Ohio and Kentucky get debt relief, and we want to help you. In Ohio, call us today at 513-277-0816 or Kentucky, call 859-838-6061. It could be the first step toward a brighter financial future.
No-Obligation Consultation With an Attorney
To learn more about retirement accounts and bankruptcy, contact Zingarelli & Lawrence for a no-obligation initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
