Welcome! | Ask A Question
Asked 8/25/2010
|
If I am currently in Bankruptcy, can I start 401K? My Husband and I have been in Bankruptcy for 1 year and 4 months. We are not currently in a 401K program. If we do decide to enroll in 401K, will this bankruptcy affect the 401K? |
Answer 1/1 - Submitted 12/13/2011
No Bankruptcy does not affect your 401K. Everyone has a right to save for their retirement and the money you put away cannot be touched for the bankruptcy or if you had a judgement against you. Depending on how the banruptcy goes and how much you have to pay back you may or may have much money available to you for investment.
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of equity in a home me and my now ex husband were buying.he kept hte home and i had ot relocate will i have to pay taxes on the money i recieved.i will also get 1/2 of his 401k as he will mine it is to be set up...
I was out of work for the entire year of 2007. i did not collect any unemployment. even though i have no income to report, i do have deductions and i have in the past itemized deductions. how do i file and claim deductions since i have no income to report? should i withdraw from my 401k in order...
I need to know if accept a payment from my after tax contributions out of my 401k, if it will cause me to pay taxes? the amount is $14,200 approx. how do i figure that out?
|
Will i have to pay taxes on money paid to me after my divorce I recently got divorced and part of the agreement was i was to recieve money for my 1/2 of... |
|
I was out of work for the entire year of 2007. i did not collect any unemployment. even... |
|
I need to know if accept a payment from my after tax contributions out of my 401k, if it will... |
|
Can you withdraw funds from a 401k at any time due to a terminal illness? |
|
Question: in the past the 401k contribution reduced all taxable wages dollar for dollar... |
|
Taxes and penalties on 401k early withdrawal for new home If i withdraw my 401k to purchase a house would i still be subjected to the 10% penalty and... |
Ask A Question
Ask a new question about
401k:
About
| Contact Us
| Membership Agreement
| Privacy Policy
| Site Map
| Advertise on this Site
Copyright © 401kQuestions.net 2012. All rights reserved.