I filed ch. 7 and had the 341 meeting yesterday. The trustee asked how much my husband had contributed to his 401K since we've been married (the past 4 years). I didn't know the answer and he didn't ask us to report on it later or anything.
We live in a community property state. My husband is not filing bk - just me because of a very bad business venture.
Could his 401K be vulnerable? I thought retirement accounts were exempt? I would think especially if it is not the debtor's. Now I am very worried and annyed.
My lawyer did not know why he was asking this or what he could be trying to get at, and now she is on vacation for a week, so I'm left to stew over this.
Anyone have any knowledge or experience with 401Ks and bk or community property and 401K?
A.O.
We live in a community property state. My husband is not filing bk - just me because of a very bad business venture.
Could his 401K be vulnerable? I thought retirement accounts were exempt? I would think especially if it is not the debtor's. Now I am very worried and annyed.
My lawyer did not know why he was asking this or what he could be trying to get at, and now she is on vacation for a week, so I'm left to stew over this.
Anyone have any knowledge or experience with 401Ks and bk or community property and 401K?
A.O.
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