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401k and filing chapter 7

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    401k and filing chapter 7

    I am just wondering, do you have to stop your 401k contributions prior to filing chapter 7.

    #2
    I don't think so. I think there might be an issue if your contributions are very high though. We changed our contribution to 1% last month to give us more money to live on and now that our deduction is so small ($44 a month) I think we'll be ok including it as a deduction on Schedule I.
    Filed Chapter 7 April 29th, 2010
    341 June 1st, 2010
    Report of No Distribution June 2nd, 2010
    Discharged and Closed 8/10/2010

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