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Can you lose your 401 savings in bankruptcy?

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2005-10-14 12:47:45
2005-10-14 12:47:45

No, even under the new bankruptcy laws which will go into effect on Oc. 17th, 401K's are still exempt from BK.f However, filing a Chapter 7, will be nearly impossible for the average consumer after the October deadline, and any BK can face automatic dismissal for any number of reasons.

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Need to know type of Bankruptcy 7, 13, 11 ??

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you go broke and lose everything

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yes another answer: you can't lose your primary residence; also - homestead it.


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