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  1. #1
    Join Date
    Jun 2007
    Posts
    2

    Default Mutual Fund Savings And Bankruptcy

    I have about 8k in mutual funds which I am using as a savings account. If I file chp. 7 will this money be safe.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: mutual fund savings in Mass.

    If this is simply a form of savings or investment account, not a retirement account, don't expect any protection (beyond the state exemption applicable to savings accounts, which I believe is $125 in Massachusetts).

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