Can a trustee take my pension plan and my 403B?
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No. they are exempt. Some will even allow you to continue contributing to it during the course of a CH 13, like mine does. (I have to continue to put in 5% to get a matching amount from my employer, I wouldn't be allowed to up the amount I put in there to protect future earnings from the creditors though.)Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013! -
Do they have to be claimed as part of your federal exemptions? My pension has 25,000 and my 403B has 6000. As you can tell, I am no where near retirement
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It was my understanding that they were 100% exempt, doesnt matter how much you have in them, and it's not part of your federal exemptions, but not 100% sure so double check with your attorney.Filed CH 13 September 17, 2007
Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!Comment
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