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Circuit Court Decision on 401(k) Contributions in Chapter 13 Bankruptcy Solidifies Florida District Court Ruling

On June 1, 2020, in a 2-1 decision, the United States Court of Appeals for the Sixth Circuit (6th Circuit) ruled that the voluntary contributions to an employer’s qualified retirement plan (e.g., a 401(k)) by a person in Chapter 13 bankruptcy are excluded from “disposable income” for purposes of determining how much of her post-filing […]

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