Can Creditors Seize My Investments During Bankruptcy?
It's one of the worst things that can happen in your life: filing for bankruptcy. Reaching the end of your financial rope is emotionally and fiscally devastating, and the latter can have a lasting effect on your investments.
In 2016, more than 770,000 people filed for the two most common types of personal bankruptcy:
It's easy to think only about the immediate risks and credit damage caused by bankruptcy, but equally important is the impact on your long-term investments. As you move forward, it's imperative to understand which accounts are fair game in the liquidation or restructuring process.
Source: Fool.com
