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Home > Money & Services > Bankruptcy & Debt   »   401-k & Bank

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Old Oct 19, 2006, 04:42 AM
silkydog234
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401-k & Bank
In a bankruptcy do you loose your 401K. I have a client that has $25,000 in
their 401K plan, but they have a lot of credit card debt, mortgage and other debt. they
were asking if they file bankruptcy will they loose their 401K?

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Old Oct 19, 2006, 06:51 AM   #2  
ScottGem
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Generally retirement funds are exempt from bankruptcy. But they should have a bankruptcy attorney advising them.
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