Home     Law Advice     Insurance Advice     Community    
Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
Go Back   FreeAdvice Legal Forum > BANKRUPTCY AND CONSUMER CREDIT > Consumer Bankruptcy
Reload this Page inheritance question and bankruptcy

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 12-07-2004, 11:07 AM
Junior Member
  
Join Date: Sep 2004
Posts: 15

inheritance question and bankruptcy

What is the name of your state?GA. What amount of time has to elapse before you don't have to report an inheritance to the trustee? Does this apply to lottery winnings etc.? When does the clock start, at filing or discharge? Thanks
  #2  
Old 12-07-2004, 11:26 AM
Member
  
Join Date: May 2004
Posts: 633
Usually it is 6 months after your discharge BUT that can change. It's really up to the Trustee.
  #3  
Old 12-07-2004, 09:12 PM
Member
  
Join Date: Apr 2004
Location: Boston
Posts: 468
An inheritance received that you become entitled to receive within 180 days after filing is part of the bankruptcy estate. See section 541(a)(5)(A). This time limit is NOT from discharge, and it's not up to the trustee how long it is.

Post-petition lottery winnings are not part of the estate -- there's a current case where somebody won a big lottery prize after filing for ch. 7, and it won't affect his case at all.
__________________
--
Walter Oney, Attorney at Law (Massachusetts)
Nothing in this message should be construed as legal advice or as establishing an attorney-client relationship.
Reply

« Previous Thread | Next Thread »


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 06:16 PM.

Contact Us - FreeAdvice - Archive - Privacy Statement - Top

IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.
FreeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.