Sentences with phrase «federal bankruptcy law exempts»
Federal bankruptcy law exempts a debt from discharge if the creditor can show that the debtor obtained money through known misrepresentation that was relied on by the creditor and created a loss to that creditor.
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While most bankruptcy questions are governed by federal law, the Bankruptcy Code permits states to determine what property their residents cbankruptcy questions are governed by federal law, the Bankruptcy Code permits states to determine what property their residents cBankruptcy Code permits states to determine what property their residents can exempt.
Federal laws known as the federal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcyFederal laws known as the federal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcyfederal «non-bankruptcy exemptions» protect ERISA - qualified and tax - exempt retirement accounts from creditors; these laws apply in Nevada bankruptcy cases.
The reason for raiding your IRA under these circumstances is because an IRA is not exempted in a bankruptcy from an Internal Revenue Service levy as described by federal law.