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What else can I help you with?
Is my 401k and IRA protected from foreclosure?
If by "foreclosure" you mean that the mortgage lender is taking your home back, yes they are prtected. However, if you really mean BANKRUPTCY, no, they are NOT protected, since they are assets you can use to reimburse your creditors.
Are assets in a 401k protected if you file bankruptcy?
Yes.
Is your spouse entitled to your 401k after the divorce?
They are entitled to half of your 401k assets.
Are 401k's protected from foreclosure in Illinois?
Foreclosures are pretty much limited to mortgages. State and federal laws protect 401(k)s from attachment. Consult an Illinois lawyer if you need more clarification.
Is a 401K affected by bankruptcy?
No. It is protected by law.
Can a judgment be taken from your 401K account in Texas if that is all you have?
Generally speaking, 401k's are protected from judgements.
In Indiana if your home goes into foreclosure can they take your 401K retirement savings for payment of balance?
Unlikely. With few exceptions, 401K/IRAs are exempt from seizure.
Can you draw 401k and unemployment in Florida?
if i am getting unemployment benefits in florida and take money from my 401k does that disqualify me from unemployment benefits
Is your 401K your property or joint property in divorce in Minnesota?
Generally, your 401K is considered marital property in Minnesota. You can read more about marital assets and divorce in Minnesota at the related link.Generally, your 401K is considered marital property in Minnesota. You can read more about marital assets and divorce in Minnesota at the related link.Generally, your 401K is considered marital property in Minnesota. You can read more about marital assets and divorce in Minnesota at the related link.Generally, your 401K is considered marital property in Minnesota. You can read more about marital assets and divorce in Minnesota at the related link.
Can foreclosure take a 401K?
Not directly. However, if there is a balance owed on the mortgage once the property has been sold, it is possible in some states for a judgment creditor to seize monies from the account. Please keep in mind that 401K is better protected from creditor judgment by ERISA than an IRA which makes it unlikely that seizure action would occur.
What will happen to my 401k when filing bankruptcy?
These assets should not be effected at all.
If you file chapter 7 do you lose your 401k?
NO. Absolutely fully protected...
