401(k) loan and Ch. 7 question


J

John

I'm thinking about getting a loan from my 401(k) (about $5,000+ or -),
which I plan to use to get a debit card or secured credit card. If I
then file Chapt. 7, is the money I get from the 401(k) considered
equity and be seized by my creditors?
Thanks.
 
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