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What will happen to my 401k when filing bankruptcy?

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These assets should not be effected at all.
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What will happen to your house if you file for bankruptcy?

Answer . There are a couple of different things to consider.\n. \nFirst, it depends upon the bankruptcy laws of the state you are in. Specifically, if there is a homestea

Can you take money out of your 401k after you file bankruptcy?

Answer . 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 Tr

What happens when your borrower files bankruptcy?

Answer . You will generally be notified and have to timely submit documents - a proof of claim - to support how much you are owed.. Then depending on a number of factors,

401k and bankruptcy?

Answer . I believe new bankruptcy law exempts all retirement from being touch during bankruptcy so it should be safe

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There are several different types of bankruptcy. A Chapter 7; which eliminates most but not all of your debts, not including your home or other secured obligations at least

What happens to the garnishments after you filed bankruptcy?

If they were ordered by the court (i.e.: child support - back taxes - etc) you must still honor them, bankruptcy will not do away with court ordered liens. . Liens placed by p

What happens in foreclosure if you have filed bankruptcy?

In most cases, foreclosure action is suspended until the BK is ruled upon either by discharge or dismissal. The mortgage holder may request a stay from BK proceedings, if i

What happens when you file bankruptcy on your house?

I assume that you live in the United States... Don't think that you can "pick and choose" debts to include in your bankruptcy case. A lot of lawyers get this wrong. When yo