I believe new bankruptcy law exempts all retirement from being touch during bankruptcy so it should be safe
No
No. It is protected by law.
These assets should not be effected at all.
Nothing they are exempt form seizure.
The MAX amount you can draw is 300k.
No
No. It is protected by law.
Yes.
These assets should not be effected at all.
Nothing they are exempt form seizure.
The MAX amount you can draw is 300k.
No. Never. It is exempt and protected.
Absolutely...it is always exempt from seizure or use and will NOT be taken.
What are you possibly trying to say? (Your 401k is exempt from seizure and process in BK you know).
Generally, but the extent to which funds will be exempt depends on your jurisdiction. Check your local state bankruptcy exemptions.
Chapter 7 is a liquidation bankruptcy, you are giving up your assets. If you want to keep your home and car you would need to file a Chapter 11 Bankruptcy.
Yes, but not until your discharge. If you take money out of a 401K after you file and before discharge, the money is no longer exempt and could be taken by the Trustee. If you take it out after your discharge the money is yours.