Pension Exemptions in Ohio
When a person is facing bankruptcy, there are fortunately several different ways to save some portion of their finances. One popular option is filing for exemptions. Finances that are protected under these exemptions include a variety of forms of income and savings as well as property. In particular, one of these exemptions includes pensions available to workers in certain fields and situations.
If you are facing a difficult financial situation, an attorney may be able to help you defend your rights by guiding you through filing for bankruptcy as well as certain exemptions. Contact Florida bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, by calling (239) 237-0675 to learn more about your legal options during bankruptcy.
Exemptions for Pensions
A citizen of Ohio looking to file for bankruptcy may require some help handling his or her finances as they look to rebuild. These individuals can turn to state-provided exemptions that offer protection from bankruptcy proceedings for pensions and other important forms of income. After all, if a person loses their key sources of income, they will likely be unable to rebuild their personal finances. Protected pensions can include the following:
- Public school employee pensions
- Firefighter pensions
- Volunteer firefighter pensions
- Police officer pensions
- Government employee pensions
- State highway patrol pensions
- ERISA benefits
- IRA funds required for personal finances
- Keogh funds required for personal finances
These pensions and benefits can significantly help people recover from a dire financial situation.
If you are facing bankruptcy, the law may be able to afford you some important exemptions. For more information regarding your rights and options if you need assistance working through your bankruptcy proceedings, contact Florida bankruptcy attorney Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675.