State law dictates that certain property, protected by state law, cannot be touched by the federal bankruptcy court in Missouri or Kansas. This stays true, even when protected property is converted into property that the bankruptcy could have otherwise taken. This was true in the Hawk case in Kansas when a protected IRA retirement account was converted into a non-protected asset.
If you are thinking of filing for bankruptcy and would like some guidance, contact our law office at 816-524-4949 or visit our website at Hoorfarlaw.com.