Can a creditor touch your pension for an outstanding debt if you take out the pension in a "lump sum" payment and place the money in your savings account?
Once the information is out of your pension account, it may no longer be protected. A bankruptcy attorney can advise you here and it will be well worth it to find out. The consultation should be free and confidential.
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Gerri Detweiler
Credit Advisor, Credit.com
Co-author of Debt Collection Answers: How to Use Debt Collection Laws to Protect Your Rights