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Can you lose your 401k in a bankruptcy? |
I don't know what chapter I might be using, this debt arose from a small business but I have been personally been sued for a broken lease. No. A 401k can only be attached by the Federal goverment for repayment of taxes, or by a spouse in a lawsuit for child support, dissolution of marriage. no no. Bankruptcy means you go broke, which means you ain't got no more money! So, yeah! A 401(k) is 100% exempt from bankruptcy |
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