If a person is a veteran and had savings account through the veterans, can creditors take that money for his debt?

Asked on Jun 10th, 2016 on Bankruptcy - Illinois
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Answered on Jul 12th, 2016 at 6:21 PM
VA, Social Security, SSI, and pension benefits are exempt. The exemption continues if the funds are placed in a savings account. An account opened by a veteran containing only nonexempt funds is not exempt because of veteran status. There is a "wildcard" exemption that can be applied to $4,000 in any account.

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