If you contribute to a 529 Savings Plan and you are worried that filing for bankruptcy could affect your child’s ability to afford an education, a Tampa chapter 7 bankruptcy lawyer can help you formulate an appropriate plan that minimizes risks. Whether the 529 assets are protected is often dependent on whether you set up the account yourself and when the funds were deposited. Your attorney can counsel you on the guidelines regarding protected assets and available options for your child’s educational fund.