Liquidating united states savings bonds

27 Oct

Rule 2a-7 of the act restricts the quality, maturity and diversity of investments by money market funds.

Under this act, a money fund mainly buys the highest rated debt, which matures in under 13 months. It was named the Reserve Fund and was offered to investors who were interested in preserving their cash and earning a small rate of return.

There are only two things that you need - one, a proper identification document and two, a bond.

You might want to cash an EE Savings Bond for a variety of reasons .

Depending on the interest rate, you might be able to get a higher rate of return with another investment.

If you meet Chapter 7's income requirement, it can be a reasonably quick way of stopping creditor collection efforts and voiding your personal liability for dischargeable debts.

However, Chapter 7 is also known as liquidation bankruptcy.