US Savings Bonds

Archive for the ‘Buy US Savings Bonds’ Category

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.

Question: my us Savings Bonds are lost or stolen and i ihave no serial numbers?

my bonds are no where to be found i have no serial number and no idea where the were purchased i know i had almost $2,000 face value of my bonds and that is all

Answer: contact the federal reserve and they will tell you how to fill out a form that you can download that will allow them to reissue the Savings Bonds. It will be very easy if they are in you name and in you SSN!

Financial Planning Advice : How to Buy US Bonds

Question: My son used all of his Savings Bonds for a bed..?

He is starting college this year and all his Savings Bonds we’ve got him since he was born where for education. He just cashed in $1000 in bonds to buy a bed. Should I be mad? He is moving to Nashville (200 miles away) for school and getting an appartment there with his friend, and said he needed a bed. He has been sleeping on an old futon mattress on the floor, and has never had a new bed. Should I accept how he spent the Savings Bonds, or be mad at him? (the bed was only $800 so he still has $200 left)

Answer: well it is his money was that stupid yes but honestly you can’t do anything about it you gave that to him you thought he would of been a little smarter but he wasnt so no use to get mad over it it’s done and over with. At least he bought a bed and not something really obsered. At least he’ll sleep good!!

buy a share in america – defense Savings Bonds and stamps 1940s