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Severance pay to be used to pay off 401k loan pre BK7?
Posted: Wed May 02, 2012 9:55 am
by Yahoo Bot
If it is mandatory, they will probably withhold it from the severance pay
along with taxes.
If you have any questions or concerns, please contact me.
Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green
1010 E. Union St. Ste. 206
Pasadena, CA 91106
Tel: 626-449-8433
Fax: 626-449-0565
pat@fitzgreenlaw.com
The post was migrated from Yahoo.
Severance pay to be used to pay off 401k loan pre BK7?
Posted: Tue May 01, 2012 5:48 pm
by Yahoo Bot
Debtor was in a confirmed Ch. 13, until she lost her job. She wishes to convert to Ch. 7. She will receive a lump sum severance pay from her employer, which she wants to use to pay off her 401k loan, since her termination requires her to pay off that loan.
Will this cause a problem in her soon to be converted case to Ch. 7?
Thanks,
Nikki Hashemi
The post was migrated from Yahoo.