QUESTION
Is money my wife has in a Fidelity account in jeopardy if I file personal bankruptcy?
Asked on Jun 27th, 2012 on Bankruptcy - Missouri
More details to this question:
my wife has money in a fidelity account, solely in her name, from her dad, I had nothing to do with it. If I file bankruptcy - either 7 or 13 - is her money in that account 100% safe?
1 ANSWER
Bankruptcy Attorney serving Clermont, FL
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Law Offices of Katie M. Stone, P.A.
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It depends on what type of account the Fidelity account is. For example, an IRA is protected; however, a money market account is not. I would need more information on what type of account she has open at Fidelity before I could give you an answer on whether it is 100% safe or not. I hope you found this answer useful.
Answered on Jun 27th, 2012 at 6:10 PM