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Bankruptcy

: The Debt Podcast

Protecting College Funds In Bankruptcy

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It’s possible to protect college funds (529 Plans; Educational IRAs) when filing bankruptcy.  Complicated, but possible.  Bankruptcy law looks at the timing of the contributions and not the current balance.  Here are the rules: 1.  Contributions made earlier than 720 days before a bankruptcy case is filed are fully protected. 2.  Contributions later than 720 days but [...]

Full post as published by The Debt Podcast on April 30, 2009 (boomark / email).

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