Exception Nonetheless, You can find an exception to this. Most states offer you an exemption for motor vehicles throughout a Chapter 7 bankruptcy. Whether this is applicable to you is determined by:
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Practically nothing is stopping you from using out a loan on your 401k after filing a Chapter 7 case, and there need to be no recourse.
However, Odd issues come about in bankruptcy instances, so the prudent training course of motion can be to attend until finally you receive your discharge—the order that wipes out your debts—as well as your scenario is shut right before having out a 401k bank loan.
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