Will I lose my 401k if I file for bankruptcy?

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Hi, I’m Robert Geller. I am a consumer bankruptcy attorney in the Tampa Bay area. I’m here to help people who are losing sleep and worried about their retirement for financial reasons.

Here’s what I want everyone to understand: the worst thing you can do is deplete your retirement savings in an effort to bail yourself out of a pile of debt. Filing for bankruptcy is almost always the better option.

You’ve saved for your retirement. Giving that money up now to deal with your current problem when there are other options is a mistake. You need to protect your future.

Unfortunately, I see people in my office all the time who have depleted their retirement to try and bail themselves out. They should’ve talked to a bankruptcy attorney before they pulled from their retirement but they didn’t. And now they regret it.

So now is the best time to talk to an attorney before you deplete your savings. Bankruptcy lets you protect your retirement savings. It also lets you protect inherited retirement from a parent or spouse. Retirement savings, regardless of the circumstances, is almost always exempt in bankruptcy and the court or the trustee cannot take the money. This is great news on the retirement front even if your financial situation is currently less than desirable.

I’m attorney, Robert Geller, and I want to help you build a bridge to a brighter future.