Bankruptcy Research

529 Plans in Bankruptcy

529 Plans in Bankruptcy. Americans rely on easy credit in order to fund their lifestyles. We are lured by good credit terms, the desire to buy a home, and the need to pay for things like education and home improvements. We do our best to save for our future, putting money into Individual Retirement Accounts (IRAs) or 401Ks, money that is not to be used until retirement. When we have children we consider their futures and the ever increasing costs of college, and we want to save for our children’s future education by opening Education IRAs or 529 Savings Plans….(more)