In re Afko
Nov
15
2013
Ruling
Confirmation denied due to failure to devote savings following repayment of 401(k) loan to plan.
Issue(s)
Was debtors' plan required to step-up plan payments to account for the repayment of a 401(k) loan during the life of the plan or could debtors use savings as a "cushion" in the plan for unexpected expenses.
ABI Membership is required to access the full summary of In re Afko Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: