Just how long after filing for bankruptcy may I remove a loan that is 401k?

When you have filed for bankruptcy, when you’re able to just take a laon out from your own 401k retirement investment varies according to whether you filed for Chapter 7 or Chapter 13 bankruptcy.

For those who have filed for bankruptcy, when you can finally just take down a laon from your 401k your retirement investment is dependent upon whether you filed for Chapter 7 or Chapter 13 bankruptcy. Continue reading for more information on whether it is possible to sign up for a 401k loan after bankruptcy.

To learn more about what goes on after bankruptcy, see our Life After Bankruptcy subject area.

Chapter 7 Bankruptcy

In the event that you filed for Chapter 7 bankruptcy, you can easily technically sign up for a 401k loan anytime after filing your situation. ERISA qualified 401k plans are perhaps not considered home associated with bankruptcy property. Which means the Chapter 7 bankruptcy trustee can’t go after that cash to cover the money you owe. Leer más