Judgment And Retirement Accounts
For those in California with a judgment ERISA lawyer las vegas against them, the creditor might be able to collect from some of your retirement accounts. One of many judgment articles: I am a Judgment Broker, not a lawyer, and this article is my opinion based on my experience in California, please consult with a lawyer if you need legal advice. Although some retirement accounts are protected (e.g., 401Ks and profit-sharing plans) because laws tend to protect them; others (such as IRAs) may be vulnerable to judgment creditors. The judgment creditor's ability to levy a retirement account depends on what type of retirement account it is, the debtor's situation, and the account balance. One example of a protected retirement account is one protected by Federal ERISA qualified retirement account-related laws. Another type of protected retirement pension plan account is one that follows the Employee Retirement Income Security Act (ERISA). Examples of ERISA-qualified pension plans ...