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What else can I help you with?
Where is the farmer jack employees pension fund?
The Farmer Jack Employees Pension Fund was a pension plan associated with the Farmer Jack grocery store chain, which operated primarily in Michigan. However, the company declared bankruptcy and closed its stores in 2007. As a result, the pension fund's status would have been affected by the bankruptcy proceedings, and affected employees would need to consult the Pension Benefit Guaranty Corporation (PBGC) or legal representatives for details on their benefits and the fund's current status.
Can a Chapter 13 take your pension?
In a Chapter 13 bankruptcy, your pension is generally protected from being taken by creditors. Pension benefits are typically considered exempt assets, meaning they are not available to pay off debts. However, any income you receive from the pension may be factored into your repayment plan calculations. It's essential to consult with a bankruptcy attorney to understand how your specific situation may be affected.
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?
How Can Bankruptcy affect a lump sum pension buyout?
Bankruptcy can significantly impact a lump sum pension buyout by potentially altering the availability of funds and the terms of the buyout. If a company undergoes bankruptcy, pension plans may be subject to restructuring or cuts, potentially resulting in reduced payouts for beneficiaries. Additionally, bankruptcy proceedings may prioritize creditor claims over pension obligations, leaving retirees with less security in their lump sum buyout. It's essential for individuals to understand their rights and the implications of bankruptcy on their pension plans.
Are there federal bankruptcy laws?
Bankruptcy is a federal matter that is governed by federal law. Bankruptcy is filed through the federal courthouse and heard by a federal bankruptcy judge. This site offers a comprehensive overview: http://www.uscourts.gov/bankruptcycourts.html
What company handles retirement and pension of ames department stores employees?
The retirement and pension plans for Ames Department Stores employees were typically managed by the company itself before it filed for bankruptcy in 2001. After the bankruptcy, the pension plans were taken over by the Pension Benefit Guaranty Corporation (PBGC), a federal agency that protects the retirement incomes of American workers. For specific inquiries about individual accounts, former employees would need to contact the PBGC or check any documentation they received regarding their pension benefits.
How would declaring bankruptcy affect your disability pension?
It shouldn't, SSD. RRD and private disability benefits would not be affected by BK and are exempt from attachment in creditor lawsuit judgments.
Are pension plans protected in bankruptcy plan?
Up to the judge
I will be retiring this year. Is my pension (fully funded by the employer) subject to federal withholding?
Pension benefits are subject to federal income tax.
In UK law will I lose my NHS pension that I have paid into for 20 years if I declare myself bancrupt?
In the UK, declaring bankruptcy does not automatically result in the loss of your NHS pension. However, the pension may be subject to certain restrictions, and the pension's value could be considered in the bankruptcy proceedings, potentially affecting the amount available to creditors. It's advisable to consult a financial advisor or a solicitor who specializes in bankruptcy to understand the specific implications for your situation.
If you file chapter 7 bankruptcy what happens with your state pension plan?
Uneffected.
