answersLogoWhite

0


Best Answer
Answer

You have to report ALL assets. Any individual can file for Chapter 7, but the whether you are eligible for a discharge is another matter. Your ability to get a discharge depends on your assets, income, debts and monthly expense. Beginning October 17, 2005, it will also become much harder to file for bankruptcy. If you are seriously considering filing for bankruptcy, you should see an attorney right away.

Often the bankruptcy court will determine that a structured settlement is an exempt asset, so it would not be available to creditors. However, if you don't report it, then there is a risk that at some point in the future the structured settlement will be seized by the bankruptcy trustee and/or the old creditors.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Do you have to report a structured settlement from a car accident and can you still file Chapter 7?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Average settlement in a front end accident?

Amount of settlement is dependent on how much damage has occurred, and who was listed at fault on the police report.


accident report?

accident report


Where do you get accident report?

You can get an accident report at the police station.


Can you use the word entangled in vehicular accident report?

He was entangled in the accident report.


What type of report must be filled if there is an accident while boating?

boating accident report


What type of report must be filed if there is accident while boating?

If there is an accident while boating, a boating accident report must be filed.


What type of report must be filed there is an accident while boating?

If there is an accident while boating, a boating accident report must be filed.


What type of report must filed of there is an accident while boating?

If there is an accident while boating, a boating accident report must be filed.


Failure to report an accident?

You really only need to report an accident if you expect any compensation.


What type of report must be filled if there's an accident while boating?

boating accident report


Do you have to report a settlement to a pension fund when it is not work related?

do you have to report a non occupational disability settlement to another pension


Where does one get an accident report form?

One can get an accident report by contacting the DMV. To get the report, one must pay a $7.00 fee and provide the clerk with the date and county of the accident.