Retirement funds in an IRA are not exempt in a Chapter 7 bankruptcy proceeding.

Name: Retirement funds in an IRA are not exempt in a Chapter 7 bankruptcy proceeding.
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Retirement funds in an IRA are exempt up to a certain amount in a Chapter 7 bankruptcy proceeding. The amount exempt varies by state but typically ranges from $1-1.3 million. This means that the funds cannot be seized by creditors to satisfy debts.

Retirement Funds in an IRA Are Not Exempt in a Chapter