Can you file a 401k loan on a bankruptcy?

Answer by  patti (29325)

There are different types of bankruptcy. In order to make sure that your filing is done properly and is presented in order to the court, it is an excellent idea to engage the services of a bankruptcy attorney. The regulations and laws are often changed and modified, and a professional would be the most up-to-date on these matters.

Answer by  patti (29325)

The attorney who handles your bankruptcy can explain to you what debts can be discharged in specific types of bankruptcy.

Answer by  worker7220 (77)

No you can not. When you declare bankrpty, its to help you eliminate your debt, You most certainly will not be allowed to open up another loan.

Answer by  flamiss22 (5081)

It really is not necessary as the 401k loan is your own money lent back to you. Even if you file bankruptcy it willbe taken back from your balance regardless.