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Voluntary contributions to 401K not okay in Ch 13?
Posted: Thu Jan 07, 2010 10:39 am
by Yahoo Bot
Holly:
No, you can make reasonable 401K voluntary contributions in a Chapter
13. I think if you were to just decide to contribute now when you have
no history of contributions would be suspicious, but if the here is a
history, or a matching from the employer you could argue was not taken
advantage of due to financial distress then you can contribute. I
regularly confirm plans with voluntary contributions.
Steve
The post was migrated from Yahoo.
Voluntary contributions to 401K not okay in Ch 13?
Posted: Thu Jan 07, 2010 10:19 am
by Yahoo Bot
Holly, I believe, for B22 purposes, that Egebjerg (attached) holds against
deductions for a retirement loan repayment. (yes, it was a Chapter 7 case).
Hale
_____
The post was migrated from Yahoo.
Voluntary contributions to 401K not okay in Ch 13?
Posted: Wed Jan 06, 2010 4:16 pm
by Yahoo Bot
I believe I read that in a Chapter 13, the debtor is allowed to deduct 401K loan payments from the means test, but not voluntary contributions to the 401K. Is that correct? We are in the valley.
Holly Roark
holly@roarklawoffices.com
I believe I read that in a Chapter 13, the debtor is allowed to deduct 401K loan payments from the means test, but not voluntary contributions to the 401K. Is that correct? We are in the valley.
Holly
Roarkholly@roarklawoffices.com
The post was migrated from Yahoo.