Bankruptcy Knoxville

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 [...]

Continue Reading

In a possible positive sign for the economy, the number of bankruptcy filings fell during November. The total number of filings was still up 12% over last year, but it was down 18% from the amount of filings in October. Depending on where the December numbers come in, the total quarterly filing could decrease from [...]

Continue Reading