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    tersan2509's Avatar
    tersan2509 Posts: 1, Reputation: 1
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    #1

    Nov 26, 2007, 01:29 PM
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 26, 2007, 04:38 PM
    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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