Our office remains open for new and current clients, and to help prevent the spread of COVID-19 we have expanded our options for remote consultations and client meetings. Please contact our office to set up your free consultation.

Hyde Park, Eastgate, Fairfield, Covington: +1-513-723-1600
Portsmouth: +1-740-300-2022
Call For A No-Pressure, Free Consultation

Hyde Park, Eastgate, Fairfield,
Covington:
+1-513-723-1600
Portsmouth:
+1-740-300-2022
Call For A No-Pressure, Free Consultation

Full Service Bankruptcy
And Debt-Relief Lawyers

If you’re thinking about bankruptcy, don’t stop your 401 contributions

| Jun 27, 2012 | Firm News

When it gets difficult to pay your bills, you’ll start looking for ways to bring home more cash. A common way people try to do this is to stop or lower their 401k contributions. Don’t change your contributions to a 401k or any other employer-sponsored retirement plan without talking to a qualified bankruptcy attorney first. While in most instances you can keep contributing money after filing bankruptcy, you might not be allowed to start a new contribution during your bankruptcy. For some Chapter 13 debtors, this means you cannot start a new 401k contribution for 3-5 years. Confusing? Don’t worry. We can help you to understand the effect of bankruptcy on your retirement accounts and other assets during a free consultation

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