Part $2$

Attempt $\frac{1}{5}$ for $10$ pts$.$

Which of the following assets are generally protected from creditor claims in bankruptcy?

I. IRA accounts

II$.$ Existing cash value of life insurance policies

III. A vacation property that was received through a family inheritance

IV$.$ A profit sharing retirement plan $($an ERISA plan$)$

I and IV

II only

I, II$,$ and IV

I, II$,$ III, and IV