Bankruptcy and inheritance

All debt is included in your chapter 7 bankruptcy filing by your bankruptcy lawyer. Even if you acquired in inheritance a year after you received your chapter 7 bankruptcy, the result would still be the same, it will be applied to your debts. Even though UN not writing off your student loans, if you are behind on payments and delinquent on those loans, the US bankruptcy trustee may apply money received from the inheritance to those debts. Don't forget chapter 7 bankruptcy is not a get out of jail free card, if you do have money or assets which are nonexempt which will cover your debts, US bankruptcy trustee will use those. In 99% of my clients, they are money and assets fall under an exemption, and never had to give anything up. But if you cannot have your assets fall under exemption, they will be used by the US bankruptcy trustee to cover your debts I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147 #bankruptcy  #lawyer  #FallRiver  #Chapter7  #chapter13  #debt  #debtsettlement  #foreclosure  #attorney   #cantpaybills  #lawsuit  #court  #bankruptcycourt  #eviction  #lostmyjob