Under Chapter 7 rules (pre 10/17), can any money taken out as a loan
against your 401k during the bankruptcy process create any potential
problems for my claim? The amount I am considering is around $300, to
be used for back rent payment and household expenses.

I took out a loan to pay my attorney, and he told me that as long as I had a
legitimate thing (not luxury items) to need the money for, that it wouldnt
cause a problem. May want to ask your attorney though.




"Steven Chipman" <schipman2@cox.net> wrote in message
news:UXNaf.913$2C.678@dukeread03... Under Chapter 7 rules (pre 10/17), can any money taken out as a loan against your 401k during the bankruptcy process create any potential problems for my claim? The amount I am considering is around $300, to be used for back rent payment and household expenses.