Skip is a very smart professional. However, he agreed to guarantee a real estate development loan personally. Unfortunately, the project has been stalled, and Skip has to pay the interest, which amounts to $45,000 per month. There appears to be little hope for Skip avoiding bankruptcy.
Which of the following assets is not protected from creditors by federal bankruptcy?
Question 19 options:
a. SEP IRA
b. Government 457(b)
c. Roth IRA
d. IRA inherited from his father seven years ago.