401Ks Protected

Are 401ks protected in bankruptcy?

Can your 401k be taken away if you file bankruptcy? As a general rule, 401ks are protected in bankruptcy. ¬†The bankruptcy code has 2 different key sections that will protect your 401k funds. The first section is 541 of the bankruptcy code. ¬†Under section 541, if there are restrictions on the ability of a beneficiary Read more about Are 401ks protected in bankruptcy?[…]