We hear this all the time, “well maybe I could cash in my retirement to pay off these debts.” That is not in your best interest. You will need these funds in the future for your retirement. These funds will most likely be protected in the bankruptcy. So no this is not a good idea to cash in any retirement accounts to pay off debts.
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Phone: (513) 752-3900
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Phone: (513) 422-2994
Ohio Bankruptcy Attorney
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