inheritance during bankruptcy

August 28th, 2010 by Questions

hi there just wondering if someone passed away 1 week before your disscharge date from bankruptcy will the monies received in an inheritance be garneshed

Posted from: Manitoba


One Response to “inheritance during bankruptcy”

, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:

Because this event happened just prior to your discharge, while you were still in bankruptcy, they are an asset that vests in your trustee. Meaning the inheritance will be lost and will ultimately be distributed among your creditors.

Legally you need to disclose this to your trustee, failure to do so will have very significant implications.

Please post a follow up comment below:

(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)