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Need to clear the air

After being cleared from your bankruptcy and you receive an Inheritance due to a death can it be touched or any of the items such as a home, car etc.

Posted from: Ontario

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One Response to “Need to clear the air”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This depends on when you discharged and when you knew about the inheritance. If you knew about this prior to discharge you had a legal responsibility to disclose this to your trustee and failure to do so would qualify as a bankruptcy offence, and would also mean you obtained your discharge by fraudulent means.

If this is or was the case then you are at significant risk of the discharge being overturned, and some substantial penalties.

If this inheritance did not come to your attention until after your discharge then you shouldn’t have any issues.