QUESTION
Do I need to let my attorney know that I received a $4900 inheritance from my grandparents after I filed for chapter 13?
Asked on Jul 11th, 2014 on Bankruptcy - Florida
14 ANSWERS
Yes. Failure to disclose the inheritance is a federal crime.
Answered on Jul 23rd, 2014 at 3:06 PM
Bankruptcy Chapter 7 Attorney serving Los Angeles, CA
at
The Law Offices of Peter M. Lively
Update Your Profile
Yes. Unless you have finished all of your plan payments and received your Chapter 13 discharge.
Answered on Jul 15th, 2014 at 8:19 AM
Domestic Law Attorney serving Vista, CA
at
Ralph L. Williams
Update Your Profile
Yes you must notify your attorney and the Chapter 13 Trustee. Chapter 13 Trustee may request that you pay a portion or the entire amount of the inheritance into your Chapter 13 Plan.
Answered on Jul 14th, 2014 at 1:12 PM
Chapter 7 Bankruptcy Attorney serving Milwaukee, WI
at
Law Offices of Deborah A. Stencel
Update Your Profile
Yes. Depending on the timing, it may be protected. If not, you put your case in jeopardy by not consulting with your attorney.
Answered on Jul 14th, 2014 at 12:56 PM
Well yes, because that is what your Plan provides..that you tell the Trustee about any money you receive from any source.
Answered on Jul 14th, 2014 at 11:23 AM
Appellate Attorney serving Grosse Pointe Farms, MI
at
Musilli Brennan Associates, PLLC
Update Your Profile
Absolutely, you are to disclose to your attorney all information and changes.
Answered on Jul 14th, 2014 at 10:12 AM
Bankruptcy Attorney serving Walnut Creek, CA
at
Alan E. Ramos Law Offices
Update Your Profile
Yes, immediately.
Answered on Jul 14th, 2014 at 9:38 AM
Chapter 7 Bankruptcy Attorney serving Santa Monica, CA
at
Law Offices of Glenn T. Litwak
Update Your Profile
Yes. It is property of the bankruptcy estate. However, you may have enough exemptions to protect it.
Answered on Jul 14th, 2014 at 9:38 AM
Bankruptcy Attorney serving Grand Rapids, MI
at
David Andersen & Associates, PC
Update Your Profile
Yes. Any additional income you receive while in the Chapter 13 is disposable income you may have to turn over to the trustee as part of your Chapter 13. You may want to contact your attorney as you may be able to retain some of the funds for necessary expenses.
Answered on Jul 14th, 2014 at 9:36 AM
bankruptcy Attorney serving Paul, ID
at
Paul N. J. Ross Law, PLLC
Update Your Profile
Yes. In Idaho, it would have to be paid into the Ch 13 estate or dismiss your case.
Answered on Jul 14th, 2014 at 9:34 AM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
2 Awards
Absolutely yes.
Answered on Jul 14th, 2014 at 9:34 AM
Advocacy Attorney serving Boca Raton, FL
at
Steven H. Meyer, P.A.
Update Your Profile
Yes. Absolutely.
Answered on Jul 14th, 2014 at 9:32 AM