When individuals file for bankruptcy, they typically include all of their debts in their intitial filing. The bankruptcy process will help the filer pay back or discharge some of these debts.

In some cases, individual filers realize that they forgot to include one of their debts in their original filing. When this occurs, individuals will likely be able to include the debt by amending their bankruptcy filing through their attorney. 

If you or anyone you know has questions about a peronal bankruptcy filing, contact the Austin personal bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100. 

Individuals are able to protect a portion of their IRAs from creditors during a bankruptcy filing. However, that same protection may not apply to inherited IRAs. 

In a recent Texas court case, a judge ruled that a woman's inherited IRA was not protected. The judge reasoned that the IRA was not protected because it was not under her name. 

If you have questions about your bankruptcy filing, contact the Austin personal bankruptcy attorneys of Slater Kennon LLP, at 512-338-1100.