January 18th, 2012 by Questions
is inheritance exempted
Posted from: Ontario
One Response to “windy”
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January 18, 2012 at 1:58 pm, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
No, an inheritance is not considered to be an exempt asset when one files a bankruptcy. So if you are planning on filing for bankruptcy if any type of inheritance becomes available, it is lost and will create a benefit that will go to your creditors.