an ERISA qualified pension is protected from creditors.
In a Chapter 13 bankruptcy, your pension is generally protected from being taken by creditors. Pension benefits are typically considered exempt assets, meaning they are not available to pay off debts. However, any income you receive from the pension may be factored into your repayment plan calculations. It's essential to consult with a bankruptcy attorney to understand how your specific situation may be affected.
No one can take your qualified pension. However if you took a loan against it, and you don't pay back the loan, the pension/401k is lost. Moreover, it is considered a withdrawal (if it is a 401k) and you get hit with early withdrawal penalty and the tax on the income too.
A Chapter 13 dismissal can be appealed. The US Bankruptcy Court can be appealed to. The process may take up to two years for resolution.
A Chapter 7 can be filed with an open Chapter 13.
Uneffected.
What is Legal to file Chapter 13 on ?
if your chapter 13 gets dismissed can you buy a car
Depends on the trustee. Some do; some don't.
Money for your plan payment, tax refunds.
A chapter 7 bankruptcy filing remains on your credit report for 10 years. Chapter 13 bankruptcy remains for seven years. Under chapter 13 bankruptcy you repay at least a portion of the debt, so it is removed a little sooner.
Andy didn't take his pension from the bank so it will be on his job at Boots
if you filed chapter 13 and it was discharged in 2005 can you file chapter 7 in 2009