Archive | Bankruptcy Knoxville

09 December 2009 ~ 0 Comments

Greater Ability to Modify Mortgages Soon?

A bill that is gaining steam in the House of Representatives aims to grant greater latitude to bankruptcy judges in modifying home mortgages as part of the bankruptcy process. The House views this is a way to stem the foreclosure crisis and allow more people to stay in their homes. Many people mistakenly think the [...]

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03 December 2009 ~ 0 Comments

Is Your 401(k) Included in a Bankruptcy Estate?

The answer? It depends. Sorry. I know nobody wants to hear that answer. Most likely your 401k is safe in a bankruptcy, but only if it is “ERISA qualified” under the bankruptcy code. In most cases that will be true, and if so, the trustee cannot transfer your 401k into your bankruptcy estate and liquidate [...]

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