QUESTION

I have a pending personal injury lawsuit. If I file bankruptcy and then recover money from the case will I be able to keep it?

Asked on Oct 06th, 1999 on Bankruptcy - Kentucky
More details to this question:
I have a pending personal injury lawsuit. If I file bankruptcy and then recover money from the case will I be able to keep it?
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1 ANSWER

Your case would become an asset in the bankruptcy estate.  Any recovery could be collected by the bankruptcy trustee, absent any exemptions.  You should contact a local bankruptcy attorney to determine what exemptions you would have available to preserve the largest lawsuit damages recovery possible. This is not intended to be legal advice, and is general in its nature. No attorney-client relationship exists or is formed by this information. Furthermore, this does not represent the views or opinions of LexisNexis or its affiliated companies.
Answered on Jul 03rd, 2012 at 12:05 PM

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