401(k)s in Bankruptcy

When someone is in debt, they are starved for cash.  One source of potential cash is your 401(k) or IRA account.  You might think that tapping your 401(k) or taking out a 401(k) loan is a good idea, but it’s not. Your 401(k) is a Bankruptcy Safe Asset Your 401(k) is totally exempt in bankruptcy.  This means that no matter … Continue reading »