US Savings Bonds

Posts Tagged ‘us savings bonds buying’

Question: During this time of economic crisis, should patriotic Americans buy and hold US Savings Bonds?

Answer: I’ve always bought Savings Bonds for my child, I’ve been doing it for 13 years. Economic crisis or not, those things only increase in value over time.

US National Debt to exceed 14 trillion by end of year? Good time to buy US Savings Bonds? NO!

Question: what happens when you buy a US savings bond?

Answer: When you a buy a savings bond, you are loaning your money to the government so they can finance projects and pay for expenses.

You can either purchase one from your local bank or treasury direct. Most bonds pay interest semi-annually to the bondholder.

Review On The Athearn RTR Conrail SD-40 # 6300

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.