US Savings Bonds

Question: If you go bankrupt can your debtors take your Savings Bonds and cash them in?

I was curious about buying US Saving Bonds but I wanted to know if like you can’t pay your student loans can they take the saving bond and get money on it or if your taking to court for not paying your credit card debt and the judge orders you to pay can they take the savings bond and use it for payment I wanted to know this cause I am in debt and thinking about going bankrupt so I don’t have a savings or checking account I just wanted to save money in a new way for me.

Answer: In bankruptcy Savings Bonds will be treated the same as cash or money in a savings or checking account.

If it can be exempted, then you get to keep it. If not, it will be taken to repay creditors.

Whether and how much you can exempt depends on the bankruptcy exemptions available in your state.

You cannot discharge student loans in bankruptcy. You will still have to pay them.