Bankruptcy bill would provide 529 protections
S. 256 Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was introduced in the Senate on February 1, 2005 by Sen Chuck Grassley (IA). Section 225 of the Act would provide bankruptcy protections for certain 529 accounts funded more than two years prior to filing (limited to $5,000 for accounts funded between 365 and 720 days prior to filing).
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