Even in times of great economic stress, potential bankruptcy filers may be deterred from seeking bankruptcy protection by worries about the long-term affect bankruptcy might have on their financial wellbeing.
Bankruptcy can wreak havoc on your finances, but if you've been putting away savings into qualified retirement account, the bankruptcy court may protect that nest egg from your creditors.
If you'd like to speak with a bankruptcy lawyer and learn about your rights to your 401(k) if you file bankruptcy, please fill out this form. You can arrange a free, no-obligation consultation today.
The good news is that filing for bankruptcy will likely not cause you to lose your 401(k) funds. Here's a look at why, and at some important financial maneuvers to consider if you think a bankruptcy filing might be in your future.
The answer to that depends on your particular situation and which type of bankruptcy protection you choose.
If you'd like to ask a bankruptcy lawyer directly about what will happen to your 401(k) or other savings accounts if you file bankruptcy, take advantage of this opportunity for a free consultation with a bankruptcy lawyer practicing in your area. Simply fill out the case review form on this page to get started now.