Will my Employment Stock Ownership Plan be protected? 2 Answers as of August 26, 2010

I have an Employment Stock Ownership Plan through work. If I file for bankruptcy, will this account be protected?

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Diefer Law Group, P.C.
Diefer Law Group, P.C. | Abel Fernandez
It really depends. If its in a retirement plan, yes. If it is just stocks, you can only protect a certain amount of value. This will depend on the total amount of assets that you have. Seek legal advice.
Answer Applies to: California
Replied: 8/26/2010
Ariano & Reppucci
Ariano & Reppucci | Chris Ariano
This account will not be protected. It is a nonexempt asset.
Answer Applies to: Arizona
Replied: 8/26/2010
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