According to the new bankruptcy law, IRA accounts are exempt assets, but it seems obvious that if you max out your credit cards, for example, and then deposit the money into an IRA, that money isn't exempt. So, there should be some rule that says something like: "If the payments to the IRA occurred within 90 days...." or maybe "If the funds can be shown to be a result of fraud..." you get the point. My question is, if I have some savings that I have earned independent of any debts that I have accrued, can I legitimately deposit this savings into an IRA and then declare bankruptcy?

