A creditor may obtain a judgment against me in the next few months. By that time, I will have the maximum allowable amount of money socked away in an HSA to prepare for a childbirth and post-natal expenses. Is that money potentially collectable by the creditor?We have consulted with several attornies already, but sometimes you wonderful contributors can answer a specific question in between meetings with my retained attorney. Settlement is our goal (pre or post judgment). Bankruptcy would be last resort and would probably only happen long after a judgment if we still can't workout a settlement. Arizona law looks like it hasn't "caught up" with other states with regards to HSAs. But, I might be looking in the wrong place.
There are State and Federal Exemptions dpeending on the state you are in. Also when you are discussing exemption I am presuming you are contemplating bankruptcy.
Bankruptcy can be easy but filled with traps for the unweary also improper exemption planning may result in losing assets you need for personalor health reasons. I highly recommend for you to seek a legal professional in your area. I met a highly trained and very competent managing attorney and his staff recently in Chandler Arizona. His office is within your area and I think a call to him will be beneficial, here is his contact info http://www.neeleylaw.com.
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