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Should I Borrow Use 401k Retirement To Pay Debts Or File Bankruptcy?

by Mark J. Markus | Feb 20, 2015 | Bankruptcy Law, means test, retirement accounts

In my opinion, using retirement or other protected funds to pay your debts is almost always a bad idea. Yet it is one of the most frequent “solutions” people utilize in their quest to deal with debt problems and their misguided attempts to avoid filing...

K: Dangers of borrowing against 401k plans

by Mark J. Markus | Jan 26, 2012 | Bankruptcy Alphabet, Bankruptcy Law, chapter 13, chapter 7, retirement accounts

One of the most common situations we bankruptcy attorneys see in our practice is clients that have borrowed money from their 401k or other retirement plans to try and keep up with their debts.  Usually this is as a last resort before considering bankruptcy, but the...

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The Law Office Of Mark J. Markus

2600 W. Olive Ave. Fl. 5
Burbank, California 91505
(P) 818-509-1173

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(P) 818-509-1173

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(E) mark@bklaw.com

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California Bankruptcy Attorney Certified Specialist in bankruptcy law handling exclusively bankruptcy cases since 1991 in Chapter 7, Chapter 11, and Chapter 13. Representation of debtors and creditors in bankruptcy.
This firm is a federally qualified debt relief agency and, among other things, helps people file for bankruptcy relief under the Bankruptcy Code.

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This website should not be construed as the giving of legal advice or the formation of an attorney-client relationship. Results of a case will vary based on the facts, circumstances, and legal issues involved. All cases must be properly reviewed prior to determining applicable law and likely conclusions. Attorney Mark J. Markus is responsible for the content of this website.
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