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Under FL debt collection laws, can a creditor get access to debtor's 401k/retirement money

If I have creditors/collection agencies calling/writing me
about money owed them, do they have any recourse in the
future to access my 401 K.

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Attorney answers (2)

Reputation Level 9
Florida has very broad protections for consumer debtors. There are exceptions, but in general, any federally recognized retirement plan will be exempt from the claims of creditors. See Florida Statutes ยง222.21
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Reputation Level 14
Each state has exemptions for 401k and other retirement plans. I do not know what the exemption amount is in Florida, but your 401k is protected to a certain extent.
1 person marked this answer as good

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