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court settlement after bankrupt

what happens if you get a court settlement after you go bankrupt

Posted from: Saskatchewan

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One Response to “court settlement after bankrupt”

Barton Goth – Goth & Company Inc. – Bankruptcy Trustees said...

In most cases the settlement is lost (i.e. is paid into the trustee and in turn divided amoungst the general body of your unsecured creditors). The only exceptions to this are if the settlement is relating to personal injury or pain and suffering.