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  1. #1
    Join Date
    Mar 2009
    Posts
    13

    Default 401k and Bankruptcy

    My question involves bankruptcy in the state of: Nevada

    Can our 401k be taken from us upon filing a Chapter 7? That is all we have, besides a car loan we'd like to reaffirm.

    Thanks!!!

  2. #2
    Join Date
    Sep 2005
    Location
    California
    Posts
    64,976

    Default Re: 401k and Bankruptcy

    Assuming normal contributions, your retirement account is an exempt asset. Don't go cashing it out or taking loans against it.

  3. #3
    Join Date
    Mar 2009
    Posts
    13

    Default Re: 401k and Bankruptcy

    Thank you so much for the response.

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