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File a chapter 7 but owe the credit unoin can the still take your pension?

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Anonymous

∙ 17y ago
Updated: 11/5/2022

No one can take your qualified pension. However if you took a loan against it, and you don't pay back the loan, the pension/401k is lost. Moreover, it is considered a withdrawal (if it is a 401k) and you get hit with early withdrawal penalty and the tax on the income too.

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Wiki User

∙ 17y ago
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