Essay
Fearful of a stock market crash, Laila withdrew $10,000 from her IRA and placed it in her checking account. After a few months where Laila realized there was no issues with the stock market, she redeposited $5,000 in her IRA account and transferred the remaining $5,000 to her savings account in case of an emergency. What issues, if any, exist if Laila files soon for bankruptcy?
Correct Answer:
Verified
Correct Answer:
Verified
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