NO. Absolutely fully protected...
Your 401K account is exempt from creditors when you file BK. So leave the account alone. If you withdraw money and transfer it to another type of account, then the BK trustee can seize that money. Because of that, it is NEVER advisable to withdraw from your 401K when a BK is possible in the future.
chapter 7 filings 8 years from the time of discharge and the time for filing a chapter 13 after a chapter 7 discharge 4 years.
If I file chapter 7 or 13 how long can I stay in my house?
Yes, if your equity in the house is greater than the exemption you can use and you cannot pay the trustee the difference, or if there is no mortgage on the house and its value is more than the exemptions. If you are current with your mortgage when you file and get behind on your mortgage during the chapter 7, the mortgagee can foreclose. Consult a local bankruptcy lawyer.
Since its dismissed w/ prejudice - Wait 180 days and file an individual chapter 7. Your spouse does not have to file.
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.
Your 401K account is exempt from creditors when you file BK. So leave the account alone. If you withdraw money and transfer it to another type of account, then the BK trustee can seize that money. Because of that, it is NEVER advisable to withdraw from your 401K when a BK is possible in the future.
No...you must disclose it but it will be exempt.
BK is a Federal thing...and 401k is exempt everywhere.
You file a motion to convert to chapter 7. If you are eligible, then the court should grant it.
If you have to ask...it absolutely should be which ever one your LAWYER suggests.If you have to ask...you probably can't do the filing properly anyway...and will not get the result you think, or is best, and may well commit errors, even criminal ones when filing.Answer:Usually you would want to file a chapter 7 if at all possible so that you don't have to be pay on a plan for three to five years. On the other hand, sometimes you have to file a chapter 13, and sometimes it is best to file a chapter 13 so that you won't lose property that you would otherwise lose in a chapter 7. Most chapter 7 debtor's don't lose anything in a chapter 7, but it just depends on what kind of asset you are talking about and where you are located.
You can file bankruptcy again 7 years after the last time you filed.
You can file a chapter 13 bk, but NOT another chapter 7.
You do not have to be unemployed to file bankruptcy.
Yes, but it is one of the absolute stupidest things financially you can do. By the end of th BK you will lose the 401k money, which is only protected while it is IN the 401k, and be left with the debt to the plan, which won't be discharged and will seize the money in the plan to be paid.
No. Never. It is exempt and protected.
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.