Bankruptcy & Inheritances
August 20th, 2009 by Questions
We recently discovered a family member has filed for bankruptcy. This family member will be due inheritance money when an estate is settled. Unfortunately, one of the executors of the estate has begun some proceedings which will delay disbursement of the estate. We were wondering how much `time` said family member has whereby whe would be discharged from her bankruptcy and thus be absolved of her debt, receiving the inheritance without the Licensed Insolvency Trustee getting all or part of her value in the estate. The actions taken by one of the executors of the will seem `fishy` which leads us to believe the intent is to have said member absolved of her debt first and not having to be responsible for her debt.
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)