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land

If I receive a piece of land from my parents, can it be taken from me in bankruptcy?

Posted from: Nova Scotia

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One Response to “land”

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

If you are in the middle of a bankruptcy and receive an inheritance, this inheritance is lost as part of the bankruptcy. This inheritance could be money, investments, property, regardless it would vest in the trustee for the general benefit of your unsecured creditors.