It depends on when the relative passed away. If it was prior to the filing of the bankruptcy petition, then the inheritance becomes part of the bankruptcy estate. If you inherit the property during the bankruptcy proceedings the inheritance may or may not be incorporated in the bankruptcy estate. If you were to inherit the property after the bankruptcy case, the inheritance likely would not be incorporated in the bankruptcy estate except in a very few instances. You should contact your bankruptcy attorney to determine how to proceed.
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Answered on Jun 25th, 2012 at 1:59 PM