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You must list an inheritance (or even possibility of inheritance) within 180 days of filing BK. So if you are to receive an inheritance, even if your BK was already discharged, within 6 months of filing, you must inform the BK Trustee (who would have the right to take the inheritance to distribute among the creditors)
What else can I help you with?
How will bankruptcy affect the sale of real estate property?
No property can be sold, transferred, refinanced, etc. while in bankruptcy without the permission of the bankruptcy court.
Can your husand get bankrusey if you are getting inhertise?
Yes, your husband can file for bankruptcy even if you are receiving an inheritance. However, the inheritance may affect the bankruptcy proceedings, as it could be considered an asset. If he files for bankruptcy, the inheritance may need to be disclosed, and it could impact the outcome of the process. It's advisable to consult with a bankruptcy attorney to understand the specific implications for your situation.
Can my spouses' chapter 7 bankruptcy affect my inheritance?
No, unless you both filed a joint BK petition.
How long do you have to wait after a bankruptcy discharge to inherit land?
The way this question is worded implies you want to manipulate the inheritance to avoid including it in your bankruptcy. If you become an heir to land or any property (cash, motor vehicle, etc.) prior to filing or while you are in bankruptcy, or within 180 days after discharge, you must disclose the inheritance to the trustee and the court, even if you have not actually received the property. There is no "waiting."
After bankruptcy you got inheritance can a creditor with a secured promissory note go after the inheritance?
No exactly. If you inherit any money within 180 days after you filed the bankruptcy, it will become property the estate. The creditors cannot go fater it, but the trustee can force you to turn over the inherited assets. See section 545 of the bankruptcy code.
Is a cash inheritence community property?
No. An inheritance is separate property.No. An inheritance is separate property.No. An inheritance is separate property.No. An inheritance is separate property.
Does estate money belong to both husband and wife?
An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.An inheritance by either a wife or her husband is not the property of the other. An inheritance is the sole property of the beneficiary who inherited it.
Why do states make you have a marriage license?
Because marriage is a legal condition. It affect inheritance, dowry and property deeds.
If an executor of a will waits six months after a bankruptcy to give the bankrupt his inheritance is it safe from the trustee?
Maybe. It depends upon the type of bankruptcy that was filed (state or federal) and the time the bankruptcy petitioner actually was awarded the inheritance, not accepted it. A bankruptcy case is officially finished when it is closed, not discharged.
Do you have to tell the bankruptcy courts if you receive an inheritance?
Yes you must inform whoever is looking after your bankruptcy that you have had an inheritance. You will be then advised what to do next, so don't spend the money as you could be breaking the law.
How do you protect your inheritance if you file bankrupsy?
Inheritance may be protected during bankruptcy by using exemption laws or setting up a trust. It's important to consult with a bankruptcy attorney to understand the options available in your specific situation. Additionally, being transparent with the court about the inheritance is crucial to ensure compliance with bankruptcy laws.
What do you do with property that has been unclaimed in a bankruptcy?
It depends. Depending on the interest of the Trustee in Bankruptcy, and whether or not they have abandoned the property, will determine whether or not the debtor in Bankruptcy will be permitted to take the property if the creditor has abandoned the property. Bottom line is that it depends on the facts, contact your Bankruptcy attorney or a reputable Bankruptcy attorney to get more information.
