bankruptcy and 401k

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Nov 26, 2007, 11:29 AM

tersan2509

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Join Date: Nov 2007

Posts: 1

bankruptcy and 401k

My wife and I are considering the possibility of filing chapter 13 bankruptcy, and my wife has a 401K account with her employer. How does a 401K factor into a chapter 13, is it surrendered to help pay the debt?

Answers

Nov 26, 2007, 02:38 PM	#2

Fr_Chuck Christianity Expert Join Date: Nov 2005 Location: Atlanta GA Posts: 25,298	Normally not, there are guildlines, the laws have changed so much, I acutally talked to a bankrutpcy attorney this week and he did not even know most of the new rules without looking then up.

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