If I have 2 loans with my 401K plan, can one file bankruptcy on those loans?

I don't know what you mean by "file bankruptcy on".  If you're asking whether the "obligation" can be discharged in a bankruptcy case, the answer is no.   Primarly because it is not really a loan.  You are repaying yourself.  What it is, is a distribution from your retirement (which is income) but if you put the money back in a certain time period, the US Government won't treat it as taxable income.   If you don't repay it in time, it becomes taxable income to you.     Either way, it's not a debt.

Mark J. Markus, Attorney at Law

Handling exclusively bankruptcy law cases in California since 1991.

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