What is the name of your state? Indiana
I'm going to try this post again (typed the whole thing once, was logged in, hit submit, and it said 'must be logged in' and didn't post this message!)
I filed for Ch.7 BK in November, 2006 and 3 weeks later my father passed away. I am listed as a benificiary on the will, which means that this inheritance to which I am entitled is subject to 'seizure' for the calculations of my assets for payment to credtors (within the 6 month window from the date of filing). This will was executed in Quebec (Canada), and there is an article in my father's will, which is also a part of the law in Quebec, that proceeds from an estate cannot be subject to seizure for payment of a benificiary's creditors. I have searched high and low, and yes have asked my BK attorney, to no avail, for answers to these 2 questions:
1) What, if any, authority does a U.S. law (e.g. Bankruptcy law) have to override/overwrite or otherwise disqualify an article of a law of a foreign sovereign law (e.g. Quebec law)? Which law holds up/ takes precedence in a case such as this?
2) What, if any, effect or consequence would or could occur if I were to renounce my inheritance? The will has not yet been finalized.
Any and all advice and guidance would be appreciated and gratefully received.
Thanks .....What is the name of your state?
I'm going to try this post again (typed the whole thing once, was logged in, hit submit, and it said 'must be logged in' and didn't post this message!)
I filed for Ch.7 BK in November, 2006 and 3 weeks later my father passed away. I am listed as a benificiary on the will, which means that this inheritance to which I am entitled is subject to 'seizure' for the calculations of my assets for payment to credtors (within the 6 month window from the date of filing). This will was executed in Quebec (Canada), and there is an article in my father's will, which is also a part of the law in Quebec, that proceeds from an estate cannot be subject to seizure for payment of a benificiary's creditors. I have searched high and low, and yes have asked my BK attorney, to no avail, for answers to these 2 questions:
1) What, if any, authority does a U.S. law (e.g. Bankruptcy law) have to override/overwrite or otherwise disqualify an article of a law of a foreign sovereign law (e.g. Quebec law)? Which law holds up/ takes precedence in a case such as this?
2) What, if any, effect or consequence would or could occur if I were to renounce my inheritance? The will has not yet been finalized.
Any and all advice and guidance would be appreciated and gratefully received.
Thanks .....What is the name of your state?