While the bankruptcy protection afforded to contributory and rollover individual retirement accounts is clear, the protection given to inherited IRAs isn’t as well defined. As of mid-2011, nearly 40 percent of U.S. households owned at least one type of IRA,1 making the ability to protect such assets an important issue to many clients.    Bankruptcy Basics There are generally two types of bankruptcy filings available to individuals: Chapter 7 and Chapter 13. Both are ...

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