Free Consultation

Inheritance after an absolute discharge

Three years have gone by since recieving an absolute discharge. Should someone decide to leave me an inheritance, do I still have to report this even though I have an absolute bankruptcy discharge.

Posted from: Ontario

One Response to “Inheritance after an absolute discharge”

A licensed trustee said...

If the person died AFTER you were discharged then you are not required to contact your trustee – the inheritance is yours to do with as you see fit.

If the person died during or before your bankruptcy and the lawyers are only now sending you your inheritance then yiu need to contact your trustee as these funds should go to your creditors (even though you’ve been discharged for 3 years).

The critical event is the person’s death – not when the money is received.