Is workers' comp settlement exempt from bankruptcy in pa?

Answer 1

Doesn't matter where you are BK being a Federal law and your probably looking to NOT pay people/Cos who may never have ever been to Florida... YES your assets (except for a few special exemptions) are available to pay your creditors. One of those assets is money from the settlement. (I can't imagine why you may think this would be exempt? Are some of the debts your wanting discharged caused by the same thing as the settlement? So, discharge you from debts for something but let you keep the payments that you got for it?)

Answer 2

In Chapter 7 bankruptcy, the bankruptcy trustee cancels many (or all) of your debts. At the same time it might also sell (liquidate) some of your property to pay your creditors. Chapter 7 bankruptcy, also called "straight" or "liquidation" bankruptcy, is so named because the law is contained in Chapter 7 of the federal Bankruptcy Code.

Answer 3

All issues pertaining to workman's comprehension insurance are regulated by state law. The exemptions for the state the person lives in, will list the exemption status.

Answer 4

A worker's comp settlement is exempt from bankruptcy in PA. When you file for bankruptcy, you will lose anything that you owe money on.