Sub:
#12009 Insolvency worksheet line 28
Replied on
04-24-2011, 03:32 PM
When determining assets: Line 28 of the Insolvency worksheet says "Interest in retirement accounts" Would this be the amount of vested interest (money that is mine) in my 401K when debt was cancelled or total balance in my 401K when debt was cancelled.
As far as I know, interest in retirement accounts will be calculated depending upon the total balance in your 401k account. However, a CPA or an insolvency practitioner will be able to better help you in this matter.
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