Elawyers Elawyers
Washington| Change
Asked in NV May 21, 2022 ,  0 answers Visitors: 34
can ones 401k be taken by the court to pay creditors in a personal bankruptcy in Nevada?
Data From  LAWGURU_Question

1 Answers

Anonymous
Reply

Posted on / Apr. 19, 2011 12:27:00

A 401K plan can only be taken by the bankruptcy court to pay your creditors if you should fail to properly exempt the benefit. Under NRS 21.090(1), retirement benefits are exempt up to $500,000.

BTW, I would have answered this question much sooner if it had been posted under Bankruptcy instead of Native American law.

Hope this perspective helps!

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer