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    silkydog234's Avatar
    silkydog234 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 19, 2006, 05:42 AM
    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?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Oct 19, 2006, 07:51 AM
    Generally retirement funds are exempt from bankruptcy. But they should have a bankruptcy attorney advising them.
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