[CLBS] Do 401(k) funds lose their exemption is debtor borrows from the 401(k) and deposited the loaned 401(k) funds?

[Kathleen McCallister]

Try Carlson 09-0700-TLM

2009WL2589161

Kathie

-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Jon Wilson
Sent: Friday, May 19, 2017 12:28 PM
To: clbs at admws.idaho.gov
Subject: [CLBS] Do 401(k) funds lose their exemption is debtor borrows from the 401(k) and deposited the loaned 401(k) funds?

Dear List Mates:

 

 

I believe there is a decision on point, but can't remember its name.   Any
help is appreciated.

 

Do 401(K) funds lose all exemption claims under Idaho bankruptcy exemptions if debtor borrows from his 401(k) and then has the loaned proceeds deposited in his checking account?

 

Thanks.

 

Jon R. Wilson

Attorney at Law

 

Wilson Law Offices, P.C.

4614 W. Emerald St.

Boise, ID 83706

Tel. (208)343-8400

Fax (208)424-5006

Email:  jon at boiselaw.org <mailto:jon at boiselaw.org> 

 

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