Can you take out a 401k loan when in a chapter 13 or do you need trustee approval. I hear it does not get reported to the IRS since you are paying yourself back?
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You would need trustee approval. First, start with your attorney. If you are having budgetary problems due to a change in income or a true emergency, always consult your attorney first. There are some mechanisms in a Chapter 13 which may help, rather than rob your feature to pay your present.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
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