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TOPIC: 401-K contributions

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#546

Jackie (User)

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Posts: 94

401-K contributions 11 Months, 1 Week ago	Karma: 3
I thought I may add that 401-K contributions are added back to the disposable income when determining whether the client qualified for Chp 7 or Chp 13 Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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#551

Tim46 (User)

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Posts: 88

Re:401-K contributions 11 Months, 1 Week ago	Karma: 4
What happens in a situation where you had a substantial SEP, but you took loans against it? How is your loan money treated by the BK Trustee, assuming you spent it? Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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#552

abr41 (User)

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Posts: 29

Re:401-K contributions 11 Months, 1 Week ago	Karma: 0
The loan receivable is considered as an asset that is counted by the bankruptcy court. Since the loan is by the bankruptcy applicant, the court may write it off as uncollectable. Results are based on a case by case situation. Enter code here Please note, although no boardcode and smiley buttons are shown, they are still useable

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