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I filed for bankruptcy & got discharged in August. I have a settlement conference with my mortgage company/courts to possibly re-affirm our house. Can a judge order retirement savings (401K) to pay for any back debts, etc. to the Mortgage co.?
2 ANSWERS
Bankruptcy Law Attorney serving Warrenton, VA
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New Day Legal
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No judge can order you to use your 401K to pay any debts . . . period!
Answered on Feb 11th, 2013 at 7:09 PM
Bankruptcy Attorney serving Menlo Park, CA
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Law Offices of Stephen Benda
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No, noone can order you to do that. But you are allowed to borrow for future needs if you absolutely need it.
Answered on Feb 03rd, 2013 at 9:32 PM