401(k) bankruptcy charleston mt. pleasant

Bankruptcy and Your 401(k) Loan

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott 401(k) loans are treated differently in Chapter 7 bankruptcy than they are in Chapter 13 bankruptcy.   And by “401(k) loans” I mean any deferred compensation loans–403(b)s, 457s, and other similar qualified plans. In Chapter 7, 401(k) loans are basically ignored.   It’s my practice to show…

filing bankruptcy with your spouse summerville, south carolina

Filing Bankruptcy with Your Husband: “Stand by Your Man”

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Filing bankruptcy when you’re married usually means both spouses filing together, but not always. The Bankruptcy Code is clear that even when a married couple files together, there are–almost always–two, separate bankruptcy “estates.”   That means the husband’s estate is one estate, and the wife’s is another.…