If you’ve spent years saving for retirement, putting that money at risk when you file for bankruptcy is likely one of your greatest concerns. The bankruptcy liquidation of assets allows the bankruptcy trustee to take your assets and liquidate them to pay your creditors. But does this liquidation apply to your retirement savings? The simplest […]
401k and Bankruptcy The money you’ve saved in your 401k retirement savings plan is one of your biggest concerns when it comes to filing for bankruptcy. Understanding what happens with your 401k and bankruptcy will put your mind at ease. Most people spend their entire careers building retirement savings. They automatically put money in a […]
Bankruptcy Affects All Aspects of Your Life, Including the Money You’ve Saved over the Years. This is especially true if you’ve used any retirement savings, including a loan from a 401(k) plan, to help you avoid filing for bankruptcy. Sometimes, the last-ditch attempts you make to avoid filing don’t work out and you’re left dealing […]
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