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Roger, Attorney
Category: Bankruptcy Law
Satisfied Customers: 30899
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
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Can i be released of paying back a 401k loan when i file b

Customer Question

Can i be released of paying back a 401k loan when i file bankruptcy
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  Roger replied 4 years ago.
Hi - my name is Kirk and I'm a Bankruptcy litigation attorney here to assist you.

In a Chapter 7 bankruptcy, unpaid 401k loans are not seen as debts and cannot be forgiven. Thus, you would have to repay this to your 401k.

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