Ira Protection In Michigan

Summary

In Michigan, creditors generally cannot garnish or seize IRA funds for unpaid debts. However, exceptions may apply, such as unpaid alimony or child support. Its advisable to consult a local attorney for detailed advice.

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I have an IRA in an account that i also have a car fianced. If i stop making payments and give car back can they take my IRA money
Hi ****, could you please provide your location? The laws regarding IRAs and debt collection vary by jurisdiction.
Provide what?
Apologies for any confusion, ****. I was asking for the country or state you are residing in. This would help me give you more accurate legal information about your IRA and car finance issue.
Flushing Mi.
In Michigan:
- Creditors generally cannot garnish or seize IRA funds for unpaid debts.
- However, some exceptions may apply, such as unpaid alimony or child support.
- It's advisable to consult a local attorney for detailed advice.