Pigs, Hogs & Nest Eggs: When Is It “Too Much, Too Late” for Retirement Fund Contributions in Chapter 13?

By Lacey S. Bryan, Staff Attorney at the Office of Lonnie D. Eck, Chapter 13 Trustee, Tulsa, OK

In times of financial stress many people dip into their retirement funds to make ends meet. Some people take loans from their retirement funds, while others simply liquidate some or all of the available funds. Imagine a debtor who has completely liquidated all of her retirement fund in order to pay her bills. Knowing that the collectors will soon stop calling and that her debts will be dealt with during bankruptcy, it might be tempting, or even seem reasonable, to . . .

It looks like you are not signed in or registered! This content is only available to members.

Or sign in below:

No Author Biography has been linked to this Article.

Related Articles

Consumer Bankruptcy Education
Cert granted in bankruptcy case regarding Fed. Rule Civ. P. 60(b)(4).
July 11, 2021
Kara K. Gendron, Esquire, Mott & Gendron Law (Harrisburg, PA) A “kill switch” is a device which can be used to disable a machine or program. They have been used for years in a myriad of safety measures, such as shutting down machinery in the event of an emergency, or to prevent the theft of a machine or data. Some...
Members
moran_cathy
February 25, 2024
“The headline was ‘Are your clients really stupid?’ . . .The answer isn’t what you’re tempted to respond.” The second in a 3-part series on treating clients as we would want to be treated. More on this topic: Why Listening Is a Bankruptcy Lawyer’s Superpower
Members
April 21, 2019
By Stacey A. O’Stafy, Staff Attorney, Office of the Chapter 13 Trustee Faye D. English (Columbus, OH) An above median Chapter 13 debtor settles a workers’ compensation claim and wants to use the exempt settlement proceeds1 to pay off her 100% dividend plan in month 38 – can she? In this simple scenario, the answer is yes. Pursuant to 11...
Members
chuck newton
February 2, 2025
“I tend to believe that . . . attorneys are worried about . . . office looks like, key word/website optimization and the like. As a result, consumer bankruptcy attorneys fail to focus on referral sources. . . . Before costs, he or she needs to worry about a steady stream of paying clients.” See also: Personal Injury Attorney’s Duty of Reasonable Inquiry of a Client’s Bankruptcy This is a free resource you can share when contacting PI attorneys for referrals.
Members
Hayes Jury
September 8, 2024
Apparently, seventh time’s the harm. In this case, aggressive lawyering’ crosses the line.
Members
January 13, 2019
Jason Wilson-Aguilar was appointed as the Chapter 13 Standing Trustee for Western District of Washington, Seattle Division, effective on October 2, 2018. He replaces retiring K. Michael (Mike) Fitzgerald who served as the Standing Trustee for nearly twenty years. During the ten years prior to his appointment as Trustee, Jason was the Senior Staff Attorney and Legal Department Manager in...
Members
William-1_print_2019
The Ninth Circuit's recently carved out a narrow exception to the 30-day objection deadline for exemptions under Rule 4003(b)(1).
Members
November 22, 2020
By M. Jonathan Hayes We are now eight months into the Small Business Reorganization Act of 2019, which took effect in February. The act attempted to establish a cheaper, quicker route for small businesses to reorganize under new Subchapter V of the bankruptcy code. Here are a few of my observations over the past several months. First, some small businesses...
August 15, 2021
By Nancy B. Rapoport, Garman Turner Gordon Professor of Law, Boyd School of Law, and Affiliate Professor of Business Law & Ethics, Lee Business School, William S. Boyd School of Law, University of Nevada, Las Vegas Dear Readers: My guardian angel, Regina Logsdon has asked a great question:what should you do when your “Spidey sense” tells you that your client...
Members

Looking to Become a Member?

ConsiderChapter13.org offers a forum to advance continuing education of consumer bankruptcy via access to insightful articles, informative webinars, and the latest industry news. Join now to benefit from expert resources and stay informed.

Webinars

These informative sessions are led by industry experts and cover a range of consumer bankruptcy topics.

Member Articles

Written by industry experts, these articles provide in-depth analysis and practical guidance on consumer bankruptcy topics.

Industry News

The Academy is the go-to source for the latest news and analysis in the Chapter 13 bankruptcy industry.

To get started, please let us know which of these best fits your current position: