inheritance and discharge
I am currently in bankruptcy. In May the 9 month term will be over. Prior to the bankruptcy, my brothers and I were left a house and assests from our grandmother`s estate. The estate has not yet been settled due to legal issues beyond our particular case. When would the trustee`s claim to this assest cease? Depending on the settlement of these other cases, the estate may be settled promptly or take several more years. What are my rights in this situation in relation to the bankruptcy and inheritance?
Posted from: British Columbia
The trustee’s claim to these assets does not cease. It is not the settlement that is important but these presence of the property. You legally are required to disclose this potential inheritance to your trustee and they will contact the lawyer involved and inform them of the interest of the bankruptcy estate in the settlement.