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File a chapter 7 but owe the credit unoin can the still take your pension?
Updated: 11/5/2022
Wiki User
∙ 16y agoBest Answer
No one can take your qualified pension. However if you took a loan against it, and you don't pay back the loan, the pension/401k is lost. Moreover, it is considered a withdrawal (if it is a 401k) and you get hit with early withdrawal penalty and the tax on the income too.
Wiki User
∙ 16y agoThis answer is:
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