Legal Question in Bankruptcy in Iowa

If I am filing bankruptcy and have cashed in my 401k put it in my bank account and then remove it before I file do I have to claim that money?


Asked on 3/09/10, 6:56 am

1 Answer from Attorneys
Robert Luedeman solo practitioner

That's a question for your bankruptcy attorney, but I would tend to think that the court might see such a tactic as a fraudulent transfer and disallow it, particularly if you're going to hang some of your creditors out to dry in a bankruptcy.

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Answered on 3/14/10, 12:32 pm


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