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Bankruptcy: Exemptions – Bad Faith – 401k Loan

Barrows v. Christians (MLW No. 59363/Case No. 09-6003 - 8 pages) (U.S. Bankruptcy Appellate Panel, Schermer, B.J.) Where debtors made a deposit from a 401k loan into their checking account shortly before their filing without disclosing the amount as a transfer of assets, the debtors acted in bad faith by asserting an exemption in the funds, ...

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