401k

Protecting Your 401(k) in Bankruptcy: What Wisconsin Residents Should Know

Protecting Your 401(k) in Bankruptcy

Filing for bankruptcy does not usually mean losing the retirement savings you earned through work. In most cases, money in a qualified 401(k) is protected in both Chapter 7 and Chapter 13 bankruptcy. The rules may change if you take money out, borrow from the account, move the funds, or own the business tied to