Shirley's employer just filed for bankruptcy protection from their creditors. She has been an employee for 27 years. She is fully vested in her pension plan and has a $430,000 balance in her 401(k) plan. She lost her $75,000 salary job, but her pension is supposed to pay $43,000 per year. What will be her outcome from the bankruptcy? She lost her pension and 401(k) to the creditors of her employer because the assets belong to the company. Her full pension is guaranteed, but she lost her 401(k) to the creditors of her employer because the assets belong to the company. Her full pension is guaranteed and her 401(k) is not available to her employer or its creditors. She lost her pension to the creditors of her employer because the assets belong to the company, but her 401(k) is not available to her employer or its creditors. Save for Later Submit Answer