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by castmarketing on January 11th, 2007

castmarketing

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Hello, my wife and I are currently in a chapter 13, she
currently has 40,000 dollars in her 401k.. We need $9,500
to come out of the chapter 13 and get our finances and lives
back on track.. Can we withdraw $9,500 from her 401k plan
to do this?

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Answers. 4 helpful answers below.

  • by God on June 27th, 2009

    God

    File chapter 11 and then go back to chapter 1

    No comments. Post one | Permalink

  • by Jed Merrill on November 4th, 2007

    Jed Merrill

    You should check out Prosper.com. You may be able to get a loan from private investors to cover that much, without robbing your 401k and having to pay the penalties!

    Also, a 401(k) is no longer the ideal investment vehicle. E-mail me if you want more information on a safer, potentially better return at JedMerrill@Gmail.com. I'll put you in touch with the right people.

    No comments. Post one | Permalink

  • by Nellie Wise Gamgee on July 4th, 2007

    Nellie Wise Gamgee

    you van also take out a loan against your 401K

    No comments. Post one | Permalink

  • by AntigoneRising on January 11th, 2007

    AntigoneRising

    You should be able to, 401(k) accounts allow for hardship withdrawals.

    No comments. Post one | Permalink

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