QUESTION
Can 401k or IRA be garnished to repay defaulted student loans?
Asked on Nov 14th, 2011 on Bankruptcy - Virginia
More details to this question:
I have a federal student loan from 40 years ago, 401k and IRA. Can the 401k or IRA be garnished to repay defaulted student loans?
3 ANSWERS
Bankruptcy Attorney serving Concord, CA
at
William Rubendall Attorney at Law
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Your 401k and IRA are exempt from collection.
Answered on Jun 26th, 2013 at 1:51 AM
Bankruptcy Attorney serving Livonia, MI
at
Charles J. Schneider, P.C.
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No. Not in the state of Michigan.
Answered on Jun 02nd, 2013 at 9:35 PM
Bankruptcy Attorney serving Hampton, VA
at
Haven Law Group, P.C.
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No. ERISA qualified accounts are outside of the reach of creditors - even student loans.
Answered on Nov 16th, 2011 at 12:46 PM