401(K) Savings and Bankruptcy
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Quoting
Mr. Knowitall
If this is simply a form of savings or investment account, not a retirement account, don't expect any protection (beyond the state exemption applicable to savings accounts, which I believe is $125 in Massachusetts).
What about 401k? Does this have to be liquidated when you file Ch7? Any exemption amount?
Re: mutual fund savings in Mass.
A 401(K) should be exempt from bankruptcy.