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Bankruptcy And Estate Planning Lawyer Serving The Anaheim Area
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July 2013 Archives

In debt? Don't empty your 401(k) before considering bankruptcy

If a job loss, medical bills or unexpected expenses have got your scrambling to pay your bills, you may have wondered whether it’s a good idea to liquidate your 401(k) account in order to pay them off. Before you take that step, which can subject you to substantial taxes and fees and throw your retirement plans into disarray, you should know that 401(k) accounts are exempt from collections if you file personal bankruptcy.

Drowning in medical debt? Know your rights in collections

As we discussed in our last post, more Americans file for consumer bankruptcy over insurmountable medical bills than any other reason. Of course, many people who can’t afford to pay their medical bills don’t end up filing for bankruptcy, which means there are a lot of people financially suffering over health care debt.

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Law Office of Christopher P. Walker, P.C.
505 S. Villa Real Drive
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Anaheim, CA 92807

Phone: 714-912-9802
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