IRA Investment This Year?

[BKINAZ]

Right now we are shooting to file BK in August or later...hopefully in the winter.

With those dates in mind...we can invest $10k in cash into our IRA's before the 15th. Can they, do they...will they take that money or is it protected?

The money we putting in are from a brokerage account that we were using for retirement that we liquidated in early January.

In a related question...my life insurance premiums are high ($400 per month)...do I have any issues if I pay a year in advance? It's an option obvioulsy...and we have the money right now with that brokerage.
So where do I have problems...if I do with any of the above?

[keepmine]

You really need to get yourself to an attorney if you're going to start shifting money around. I did find this.

http://www.dianedrain.com/Bankruptcy/BankruptcyArticles/Articles/ArizonaExemptions/bkarizonaexemptions.htm

[Help!]

Attempting to transform a non-exempt asset (cash) into an exempt asset (retirement account) with the intent to file BK could be construed as fraud. It's extremely likely, in my opinion, that the panel trustee or UST would ask you at your 341 hearing if you had an inkling that BK was in your future when you opened that IRA. If it were me, I'd rather not put myself in a position where I'd be tempted to perjure myself.

Instead of risking losing it, you might consider using it for necessary living expenses... soon... before it can become part of your 6 month means test income.

[BKINAZ]

Yeah I get the whole fraud thing...I am looking at this from the stand point I am not going to file bk...but if I did? My goal is not to file at all...I am currently negotating with credit cards, 2nd and trying to get a deed in lieu. Doesn't sound like somebody trying to file bk...sounds like someone not trying too doesn't it? Quite frankley the stock market is not where I want to be and we have IRA's...just doing the smart thing...