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?

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.