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Whether or not funds in your child's 529 plan are protected when you file bankruptcy depends on how long ago you deposited the funds in the account.
Funds deposited more than two years before your bankruptcy are protected.
Funds deposited between one and two years before you filed bankruptcy are partially protected. The first $6,425 of these funds are protected, but anything above that amount is not.
Funds deposited less than one year before you filed bankruptcy are not protected.
For any unprotected funds listed above, you may still be able to keep some or all of them if your state provides an exemption that could be used to protect them. Our system will help you select and apply the appropriate exemption.