Can a lawsuit settlement be taken after bankruptcy discharge?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

If the debtor has a lawsuit for damages AGAINST a person, that lawsuit becomes part of the BK and the BK trustee would have the power to settle/go to trial and keep any judgment for distribution to creditors.

If the debtor is being sued by ANOTHER person, it would have to be listed in the BK petition, and the cause of action would be discharged (unless it involves debts that are non-dischargeable)
5 people found this useful

A bankruptcy can not be wiped off your credit report until after 10 years but if the accounts on your credit report which were discharged in the bankruptcy can these be taken off?

The debts which were wiped out in bankruptcy still stay on your credit report, but they should be listed as "Discharged in bankruptcy." They will still stay on your credit for

What should you do if you receive a monetary award from a class action lawsuit after your bankruptcy hearing and prior to discharge?

Answer . Notify your attorney.. If its a reasonable amount of money, get an attorney if you don't have one. Sometimes they can get you some wiggle room.. If you don't wan

What is a discharged bankruptcy?

Answer . \nIn a chapter 7 it is a total liquidation BK, that has been found valid and has been approved. Therefore the debtor(s) are discharged from the debt(s) that were i

What can be discharged in a bankruptcy?

After a bankruptcy order is made the official receiver becomes the receiver and manager of the bankrupt's estate. The estate is administered by a trustee in bankruptcy who may

Can a person file bankruptcy to get out of a settlement or lawsuit?

BK generally won't discharge a judgment from a lawsuit filed before the filing of the BK. A sttlement may be a different story...but if you settled today and went BK within

If you win a lawsuit you filed before filing bankruptcy in Missouri will you lose any monetary settlement you win?

You are required to list all assets when filing for bankruptcy in Missouri. This includes property assets as well as monetary assets. You need to include, in the list, the mon

Can a Judge refuse someone a lawsuit settlement if they have filed bankruptcy in the past?

Your Q is confusing and not very specific. If the lawsuit, or the injury that causes it, was incurred before the BK filing, it MUST have been included as an asset in that BK f

Can bankruptcy trustee take proceeds of lawsuit settlement 8 years after filing chapter 7 if both lawsuit and bankruptcy were filed around the same time?

The Lawsuit was required to be listed as an asset. If it was listed, and then abandoned by the Trustee, then it is yours to pursue. If it was not listed, then it belongs to t