Absolutely...it is always exempt from seizure or use and will NOT be taken.
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.
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
No
No. It is protected by law.
yes in texas and south carolina
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.
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.
Yes he can file for Bankruptcy if he wants to depending on the situation of his property.
No
yes
Yes.
yes
It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.
No. It is protected by law.
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
Yes, as long as you keep making the payments.