Im not sure about borrowing from 401k. I am in Cleveland.
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Filed September 15 2009
Confirmed December 15 2009 :yahoo
Discharged! 1/31/12
New beginning has begun! -
Looks like the wage order has been lifted as of yesterday! Progress finally and hopefully this means I can start moving forward in my life!Filed September 15 2009
Confirmed December 15 2009 :yahoo
Discharged! 1/31/12 New beginning has begun!Comment
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You can not "pay off" a plan unless you pay it off in full (100%). It is likely not all creditors filed claims, allowing you to pay off the plan at 100% for less than the total amount you originally scheduled.
Borrowing from a 401k to pay off a bankruptcy is a terrible idea for many reasons, not to mention your Trustee may not allow it.Any information posted by me is for general informational purposes only. While I am an attorney, I am not YOUR attorney and any information I provide is not legal advice.Comment
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If your 3 years into a 5 year plan, why the heck would you borrow from your 401K to pay off the plan and then repay the 401K over another 5 years. dumb, dumb, dumb. Just finish the plan.Last edited by HHM; 12-17-2011, 08:56 PM.Comment
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rotflmao!!!!Originally posted by hhm View PostFiled Chapter 13 with lien strip on 2-28-11 * 341 held on 3-30-11 * First confirmation hearing held 4-20-11, continued until 5-25-11, continued until 6-29-11, continued until 8-10-11. Plan finally confirmed on 8-10-11!!!
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