QUESTION
How is my three year old chapter 13 affect my inheritance?
Asked on May 23rd, 2017 on Bankruptcy - Colorado
4 ANSWERS
It can be used to settle your debts until your chapter 13 consolidation plan is complete.
Answered on Aug 09th, 2017 at 4:24 PM
Bankruptcy Attorney serving Grand Rapids, MI
at
David Andersen & Associates, PC
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An inheritance is after acquired property that can be used to pay off your creditors. It would be advisable to speak with your attorney because he/she can discuss options best suited to your situation.
Answered on Aug 09th, 2017 at 4:21 PM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
2 Awards
You are required to report any inheritance that you will be receiving to your Counsel and Chapter 13 Trustee. You may be required to turn over same to the Trustee. Speak with your counsel regarding same.
Answered on Aug 09th, 2017 at 4:19 PM
You need to report the inheritance to the Chapter 13 Trustee. I would suggest you contact the attorney who filed your case first. If he or she is unavailable, find an experienced BK lawyer and pay them for one or two hours of their time. This is critical.
Answered on Aug 09th, 2017 at 4:18 PM