Pensions

The 2005 bankruptcy code modification specifically authorizes withholding of wages for repayment of retirement fund loans. This includes all ERISA qualified pension loans, loans subject to section 72(p) of the Internal Revenue Code, and Thrift Savings Plans of the Federal Employee's Retirement … [Read more...] about Do I Have To Pay Back A Pension Loan If I File Bankruptcy in NJ?

In general, a pension is an asset. However, the question is whether a bankruptcy debtor can fully exempt and keep their pension. The bankruptcy code permits a debtor to exempt and keep their entire pension, if the pension is ERISA (Employee Retirement Income Security Act) qualified. In other words, … [Read more...] about How Pensions Are Handled In a NJ Bankruptcy Case