shelligirl
12-03-2005, 01:58 PM
Went to my 341 today.
I have a 401 k - My Trustee advised that I have to repay 180 days worth of monies I have put in my 401 k prior to my filing bankruptcy!! I was under the impression my 401 K could not be touched? I did not take out a loan or anything just my normal bi- weekly contribution. I am confused!!!
FoolAndHisMoney
12-03-2005, 02:03 PM
Originally Posted by shelligirl
Went to my 341 today.
I have a 401 k - My Trustee advised that I have to repay 180 days worth of monies I have put in my 401 k prior to my filing bankruptcy!! I was under the impression my 401 K could not be touched? I did not take out a loan or anything just my normal bi- weekly contribution. I am confused!!!
Your 401k can't be touched. However I guess the trustee feels that you were making contributions with disposable income that could have paid your bills, so he wants it. 180 days is a bit unreasonable. I would figure 60 or 90 but 180? Boy are some people greedy
Genenco
12-03-2005, 02:10 PM
Went to my 341 today.
I have a 401 k - My Trustee advised that I have to repay 180 days worth of monies I have put in my 401 k prior to my filing bankruptcy!! I was under the impression my 401 K could not be touched? I did not take out a loan or anything just my normal bi- weekly contribution. I am confused!!!
I hear you...Makes me wonder what? Are we supposed to sacrifice for these bloodsuckers? :blink:
Well, be happy he didn't demand a whole year worth! :blink:
BTW, the trustee can "Seize" future payments so he's not touching your 401, just the cash before it goes in.:cry:
