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Debtors in Bankruptcy Could Not Begin Making Post-Petition Contributions to 401(k) Plans Following Repayment of Plan Loans
Wolters Kluwer Law & Business / CCH
[Guidance Overview] Mar. 23, 2012 "Income that becomes available to debtors following the repayment of a 401(k) plan loan is projected disposable income that must be paid to their unsecured creditors and may not be used by the debtors to begin making voluntary contributions to the plan, according to the U.S. Court of Appeals [for the Sixth Circuit]." MORE >> |
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