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Category: Bankruptcy Law
Satisfied Customers: 17223
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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How soon after filing for bankrupsy can I withdraw funds from

Resolved Question:

How soon after filing for bankrupsy can I withdraw funds from my 401K without having any problems with the trustee, court and or creditors?
Submitted: 7 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 7 years ago.
your 401k is protected from bankruptcy collections but it would be a good idea to wait 6 months after discharge to take any funds out of your 401k. However, since 401k assets are exempted the trustee will not consider it part of the bankruptcy Estate.
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