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In the Eastern District of Texas, do I have to count an IRA withdrawal as income on the Chapter 7 Means test?

Aubrey, TX |

I have been reading varying opinions on this subject.

Attorney Answers 4

  1. Yes, IRA withdrawals are considered income for means test purposes, if done within 6 months before filing.
    An exception may apply if there was a loan, rather than a distribution of income.
    Good luck.

    General legal advice is offered for educational purposes only. A consultation with a qualified attorney is required to determine specific legal advice as to your situation and applicable law. We are a debt relief agency and we help people file for relief under the bankruptcy laws.

  2. Same answer as to your other question about the title loan.

    I am licensed only in Texas. Offering information of a general nature in response to a question is not intended to be legal advice in your state.

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