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What will happen to your pension due to bankruptcy?

Updated: 8/21/2019
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Q: What will happen to your pension due to bankruptcy?
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Will bashas bankruptcy affect your pension?

no gehegle


Can you restart a frozen pension after bankruptcy is discharged or does it become obsolete?

I don't really understand your term "frozen pension." Was it not exempt from the bankruptcy proceedings? Or was it held until a ruling was made and then released when the bankruptcy was discharged?


Can a federal pension be affected by bankruptcy?

Federal or private...NO


Are pension plans protected in bankruptcy plan?

Up to the judge


If you file chapter 7 bankruptcy what happens with your state pension plan?

Uneffected.


What has the author Robin Jeweler written?

Robin Jeweler has written: 'Recent developments in bankruptcy law' -- subject(s): Bankruptcy 'Employee pension benefits in bankruptcy' -- subject(s): Law and legislation, Pensions, Bankruptcy


Is a discharged debt for hardship or disability considered a bankruptcy?

No, discharged debt is considered a forgiveness of debt and not a bankruptcy. Bankruptcy can only happen as a result of bankruptcy court procedure. Certain loans can be discharged due to hardship or disability, especially if there is an insurance policy in force to cover such a situation. When a loan is forgiven due to hardship or disability, the debtor's credit rating is usually not affected.


Do you lose your RRSP's when declaring bankruptcy?

While registered pension plans [RPPs] are exempt from seizure in bankruptcy situations, most Registered Retirement Savings Plans [RRSPs] are not.


If you receive a small pension after filing bankruptcy do you get to keep it it?

In virtually every case pensions are not lost in a bankruptcy even if you go into a banrkruptcy with a pension or a 401K or an IRA. There was a US Supreme Court case from 1992 I believe (Patterson v. Shumate) that basically said that pensions funds are not part of the bankruptcy estate and therefore not subject to the trustee taking them to pay your debts.


Is there a pension for Revco employee's?

Am I due a pension from Revco D S after almost 20 yrs service


Who is handling the former Smurfit-Stone pension plan and how do you contact?

The former Smurfit-Stone pension plan is now managed by the Pension Benefit Guaranty Corporation (PBGC) if the company entered bankruptcy. You can contact PBGC through their website or by phone to inquire about the plan and benefits.


Can you get bonded after filing bankruptcy if your bankruptcy was dismissed due to fraudulant acts?

Gee, I sure hope not!