Dallas bankruptcy lawyer Eric Engel helps you understand that you have the ability to keep certain assets when you enter into bankruptcy.
When your finances are so bad that bankruptcy is your final option, it’s important to know that there are assets that are exempt from your bankruptcy. This means you get to keep those assets. One of our clients learned too late that his 401k account was safe from bankruptcy. He cashed out the account — paying the taxes and fees to do so — to help him stay afloat financially and still had to enter bankruptcy. It was not until he reached out to us for legal advice that he learned that his 401k account would have been safe. He made a huge financial error and this really disrupted his life. You have the ability to not only keep your 401k account, but your pension and other financial assets as they are completely exempt from bankruptcy. Watch the video now to learn more.