Nassau Posted June 17, 2010 Posted June 17, 2010 ABC Company has an employee in bankruptcy who is considering a hardship withdrawal. His attorney told him his distribution would be exempt from any action taken by the Court as the funds are not considered wages. In other words, would he be required to disclose to the Bankruptcy Court his intent to take a hardship withdrawal? Would the Bankruptcy Court have a "claim or levy" on any funds disbursed from his retirement account?
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