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The bankruptcy court will deal with ALL your assets.
Wiki User
∙ 12y ago
It depends on the specific circumstances of your bankruptcy case and the laws in your jurisdiction. In some cases, lawsuit settlements may be considered part of the bankruptcy estate and subject to distribution to creditors. It's best to consult with a bankruptcy attorney for guidance tailored to your situation.
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If settle out of court how long will it take to receive money?
The timeline for receiving payment after settling out of court can vary. It may take anywhere from a few weeks to a few months, depending on the terms of the settlement agreement and how quickly the parties involved fulfill their obligations. It is recommended to have a clear timeline outlined in the settlement agreement to avoid any delays.
How long does it take to get your money after a discrimination suit?
The timing can vary significantly, but typically it can take several months to several years to receive a settlement or judgment payment after a discrimination suit. This timeline may be influenced by the complexity of the case, the court's docket, and any appeals or negotiations that take place.
How long does an executor have to settle an estate in Maryland?
In Maryland, an executor typically has nine months from the date of appointment to settle an estate. However, this time frame can be extended if necessary by the Orphans' Court for various reasons. It is important for the executor to communicate with the court and beneficiaries to ensure timely completion of the estate settlement.
how long can it take to get a court date?
The time it takes to get a court date can vary depending on the court's schedule, the complexity of the case, and the backlog of cases. In some cases, it can take several weeks to several months to get a court date. It is best to consult with a legal professional for more specific information related to your case.
Can beneficiaries of a will agree to take inheritances?
Yes, beneficiaries of a will can agree to take inheritances. This is often done through a process called a family settlement agreement or a deed of variation. Such agreements must comply with legal requirements and be recorded properly to be valid.
Can you take a person who filed for bankruptcy to court?
Yes, just because a person has filed bankruptcy does not mean they are immune from lawsuits. Your may have problems collecting any settlement you may win, but the settlement will not be discharged and they will be forced to pay it when the time comes. It may be even easier to win a judgment. If they did not include you in their bankruptcy, they will not be able to discharge the debt as easily and will be required to pay the amount they had previously promised to pay you plus court costs.
In my settlement lump sums come every 5 years can the bankruptcy court take from me?
Sure. It is currently an asset...you just don't have the cash yet. Added: Check into this with the bankruptcy judge or ask the Clerk of The Court's office. There are SOME streams of income that are judgment free in a bankruptcy. You will have to check further to see if your particular one qualifies.
Will the court take a social security settlement after charter 7?
When Social Security receives notice of the bankruptcy action, we stop all actions to:Approve or disapprove a fee agreement
Who files papers with the court house to take a lien off a property after a bankruptcy court discharges what you owe on the lien?
Your bankruptcy lawyer.
Will the bankruptcy court take a tax refund in Montana?
Yes.
When in a chapter 13 bankruptcy for more than 4 years and receiving money for a 100 percent disability that happened after filing bankruptcy can bankruptcy take the settlement?
"Bankruptcy" does not take anything. The Chapter 13 Trustee is the one who "takes" anything there is to be taken. And, no, your settlement - if you mean a retroactive check for disability (SSDI) - is not available to the trustee. If you are talking about a settlement of a lawsuit, probably not, unless the cause of action existed at the time you filed the c. 13 and did not exempt any possible award. Talk to your bankruptcy lawyer.
Can a trustee in a chapter 7 bankruptcy filed prior to 2005 force a settlement of a personal injury lawsuit?
The bankrutpcy court can take jurisdiction of almost any case, and the trustee can decide if the settlement is fair. If it is for the benefit of the BK estate, the lawsuit is part of the assets he controls.
Will bankruptcy trustee take pain and suffering settlement?
If (a) you filed Chapter 7 *AND* (b) the injury occurred *AFTER* you filed, no. Otherwise, you should discuss it with your bankruptcy attorney.
Can bankruptcy court take taxes after dismisal?
Most taxes are not discharged in bankruptcy.If the amount of your tax liabilities is not clear, the bankruptcy court cam decide how much you owe; you need not go to tax court for that.
How long does it take to receive court settlement?
23 days
Will the trustee take the remainder of a settlement after you pay off bankruptcy?
The Trustee keeps anything that is not exempt. If your settlement is part of the bk, and is not exempt, it will be used to pay off your creditors.
How long does it take to receive a settlement offer after returning to work?
Depends on the court, state & procedures for whatever settlement you are talking about.
