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401-k early withdrawal due to layoff

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    401-k early withdrawal due to layoff

    I'm half way through my 5 year ch 13 plan. I have a 100% plan.

    Just received notice today that half the company will be let go in 3 to 6 months.

    I know I would have to pay a penalty but I want to withdraw, my 401-k after I separate from the company. I will also receive money from unused vacation

    Do I have to let my trustee know about these funds?
    Filed March 2009

    #2
    No, but you need to consider the big picture, what you are going to do with your chapter 13.

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