Comments on: inheritance http://www.bankruptcy-canada.ca/after-bankruptcy/2010/01/inheritance-11.html Personal Bankruptcy Canada Blog Fri, 10 Feb 2012 15:23:44 +0000 hourly 1 By: Ted Michalos, CA trustee http://www.bankruptcy-canada.ca/after-bankruptcy/2010/01/inheritance-11.html#comment-113195 Ted Michalos, CA trustee Thu, 21 Jan 2010 12:21:57 +0000 http://www.bankruptcy-canada.ca/after-bankruptcy/2010/01/inheritance-11.html#comment-113195 No. They should have advised their trustee when they filed for bankruptcy about the possible inheritance - if they had, their truste would have contacted the Executor of the Will and put them on notice to forward any inheritance to the trustee for the benefit of the persons creditors. The critical event is the filing of bankruptcy - not the actual payment of funds. Unfortunately, the inheritance belongs to thie person's creditors... No. They should have advised their trustee when they filed for bankruptcy about the possible inheritance – if they had, their truste would have contacted the Executor of the Will and put them on notice to forward any inheritance to the trustee for the benefit of the persons creditors.

The critical event is the filing of bankruptcy – not the actual payment of funds. Unfortunately, the inheritance belongs to thie person’s creditors…

]]>