June 15, 2012
-- Orange County CA. (June 15 2012) Attorney Rami N. Nabi bankruptcy attorney in Orange County saves client’s retirement account from becoming liquidated in Chapter 7 bankruptcy.
Founder and principal, attorney Rami N. Nabi, Esq., recently helped one of his senior citizen clients save his retirement account from creditors. Rami N. Nabi said, “My client’s retirement account was in jeopardy from being liquidated to pay off his credit cards.” “Although most retirement accounts are protected some are not.” “By working with the bankruptcy trustee and having open talks and negotiations, we were able to settle the issue and help my client keep his retirement.”
He added, “It is important to understand the ramifications of bankruptcy and how it effects your retirement.”
“Some clients will create an annuity, reverse mortgage or some other retirement option then file for bankruptcy not knowing that the bankruptcy court can liquidate these funds.” "It is important not only to speak to an attorney when you have made the the decision to file for bankruptcy but also to plan for the bankruptcy well ahead of time."
To learn more about The Law Office of Rami N. Nabi visit http://www.OC-BankruptcyLaw.com