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Ellen, Attorney
Category: Bankruptcy Law
Satisfied Customers: 36714
Experience:  Bankruptcy Lawyer. Experienced.
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Currently fired by a local bank. Can I file bankruptcy on

Customer Question

Currently fired by a local bank. Can I file bankruptcy on debt issued by them if it is unsecured and I can not afford to pay it without losing my pension and 401k plan?
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  Ellen replied 4 years ago.
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Yes you can :-)
Both Ohio and federal law protect pensions and 401(k)'s from the claims of most unsecured creditors. 401(k)'s and a pension may only be attached for taxes and child support. In addition, unemployment compensation is also protected from creditor claims