Forgot to disclose potential inheritance during CT Chapter 7 bankruptcy

[candigirl_06756]

What is the name of your state? CT

My father died 2-1/2 years ago. My CT Chapter 7 bankruptcy was discharged in July of 2007. At that time, my father's widow did not want to give us anything that was left to us. She was collecting the interest on the stocks and bonds. The only way we could get the stocks and bonds was if she remarried or died. In 2007 as far as I knew I would not be getting anything so I did not tell anyone about it. Now, she has decided that she MIGHT want to give us our share. I did not disclose any of this during my bankruptcy proceedings. What could be the consequences?

 

[bigun]

Not sure they'd be any consequences since, you weren't a direct beneficary. It appears from your post that, she is giving {maybe} you a gift of her property not, an inheritence.

 

[Gregeney]

Something isn't clear. Was anything specifically given to you in the will? It sounds as if nothing was given outright but contingent upon your father's widow's death or remarriage.

 

[candigirl_06756]

My father gave his wife U.S. Treasury notes and bonds and dividends on stocks in his name. He also gave her the funds in the account into which such interest and dividends were paid until she dies or remarries. Upon the death or remarriage of his wife, he gave and bequeathed such bonds, notes, and stocks to his 5 children (which I am one of).

Hope this helps in understanding.

 

[bigun]

Since she's not dead or, remaried and may {or may not} give you a gift of HER funds, I'd say don't rock the boat.

 

[candigirl_06756]

That's not the problem. I did not tell my bankruptcy lawyer about this when i was going through my bankruptcy. Last week I received a letter saying that my father's wife wanted to settle with my sisters and brother. I started thinking about it and thought I should tell my bankruptcy lawyer. He told me I should have told him all of this when I was going through my bankruptcy. He said I could be in deep trouble with the bankruptcy trustee. I'm just wondering what kind of "trouble" he is talking about.

 

[bigun]

You could have your discharge revoked and the money seized as property of the estate and it used to pay your creditors.

 

[candigirl_06756]

So my discharge will be revoked without me even getting anything from my father. That is what you are saying

 

[TigerD]

So my discharge will be revoked without me even getting anything from my father. That is what you are saying

No he didn't. You asked what could happen. bigun responded with what could happen. What will happen is completely different and unknown.

He also advised you not to rock the boat and create problems earlier in the thread.

The question is: Did you father leave you any assets at the time of his death? If so, where are those assets and why didn't you declare them?

If they were left to your mother and she is choosing to give them out to you now - that was never your asset until your mother gives it to you.

DC

 

[bigun]

Debtcollector pretty well summed it up. Quit making phone calls to your lawyer and leave it alone.

 

[candigirl_06756]

So I guess I will just wait and see what happens. Thank you for your replies.