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Are pension plans and 401(k) plans exempt?

April 26, 2017exempt Pension plans

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Are pension plans and 401(k) plans exempt?

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The United States Supreme Court has held that pension plans, 401(k) plans, and other “ERISA-qualified plans” are generally “excluded” from the bankruptcy estate

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The United States Supreme Court has held that pension plans, 401(k) plans, and other “ERISA-qualified plans” are generally “excluded” from the bankruptcy estate under 11 U.S.C. sec. 541(c)(2).