Bankruptcy and Inheritance
February 5th, 2007 by Questions
I may need to declare personal bankruptcy. A consumer proposal is not an option because I do not have a steady income. Right now I have been out of work for 9 months.
I am to receive an inheritance, but I don\’t know when it will be coming. It should be straight forward, but you never know…there is property to be sold. I realize that if I receive the inheritance before or within the bankruptcy period before discharge it will be signed to the trustee to pay my debts…makes sense. But if I declare bankruptcy now and am discharged after 9 months and then receive an inheritance, what happens?