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Can you keep your 401k if you file for bankruptcy?

Anonymous

∙ 15y ago

Updated: 9/16/2023

Absolutely...it is always exempt from seizure or use and will NOT be taken.

Wiki User

∙ 15y ago

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

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 Trustee. If you take it out after your discharge the money is yours.

Can a person keep and file bankruptcy if the home is under any mortgage?

Yes he can file for Bankruptcy if he wants to depending on the situation of his property.

In bankruptcy can they take your 401K or IRA?

No

Is a 401K affected by bankruptcy?

No. It is protected by law.

Can you file bankruptcy and keep your home to rent it?

yes in texas and south carolina

Related Questions

If I file Bankruptcy-7, will I be able to keep my 401k/ my home/ and my cay?

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.

Are assets in a 401k protected if you file bankruptcy?

Yes.

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

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 Trustee. If you take it out after your discharge the money is yours.

Can a person keep and file bankruptcy if the home is under any mortgage?

Yes he can file for Bankruptcy if he wants to depending on the situation of his property.

In bankruptcy can they take your 401K or IRA?

No

Can you file a bankruptcy to keep from paying definciency on a foreclosure?

Yes.

Can you keep your home if you file chapter 13 bankruptcy?

yes

Can you keep your vehicle if you file chapter 13 bankruptcy?

yes

Can you keep your home in a bankruptcy in NC?

It depends on which "chapter" of bankruptcy you file. I suggest you speak with an attorney to see what you can do.

Is a 401K affected by bankruptcy?

No. It is protected by law.

You owe your sister money can you file bankruptcy on that loan?

If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.

Can you keep your home if you file a chapter 13 bankruptcy?

Yes, as long as you keep making the payments.

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