Legal Question in Bankruptcy in Florida
bankruptcy
Will bankruptcy take my
401K?
Asked on 6/27/09, 7:12 pm
1 Answer from Attorneys
William Gwaltney
William W. Gwaltney, Attorneys at Law
Re: bankruptcy
Personal Bankruptcy should not liquidate your 401(k), unless you are receiving distributions from it, or you are in a chapter 13 payment plan and start taking distributions or take a lump sum.
You should consult with your attorney though before filing to be sure. Your question is void of any facts of your personal situation and the factors are too numerous to really get into on a forum.
Answered on 6/27/09, 7:22 pm
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