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Filed for bankruptcy in aug of 07 and found out you might have an inheritance now what could happen?
Wiki User
∙ 16y ago
The type (Chap 7 or 13) could have a factor, and I'm not certain all trustees consider it from the date of filing or the date of dismissal, especially depending on how co-operative/fast things have moved along, but...It is my understanding that if you receive (and I suspect that means "have a right to receive", not just you didn't pick up the check) an inheritance within 180 days (6 mos.) after filing for bankruptcy, that money/property may have to be paid to your creditors if not exempt. It looks like you are past the 180 day rule.
Wiki User
∙ 16y ago
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Do you have to tell the bankruptcy courts if you receive an inheritance?
Yes you must inform whoever is looking after your bankruptcy that you have had an inheritance. You will be then advised what to do next, so don't spend the money as you could be breaking the law.
If you filed bankruptcy and have decided to sell your house Do you have to let the realtor know about the bankruptcy?
If you filed for bankruptcy and the title company knows about it, then you cannot sell your house. Your title is not free and clear so a buyer could not purchase. It also depends on the bankruptcy, you should talk to your lawyer.
Do you have to answer the question Have you filed or ever filed bankruptcy if it is discharged after 14 years?
IF the question is asked to you.. Have you EVER filed.. then yes, you do have to answer, if it only askes you if in the last 10 years have you ever filed you could say no.
If you have been discharged from bankruptcy and then inherate can the bankruptcy agency take the money?
If the bankruptcy is a Chapter 7, inheritance income must be reported to the trustee and the court if received within six months. The trustee will probably want the money, unless you disclosed the fact that you were entitled to an inheritance with the filed documents and exempted the amount.There is a specific question about being the beneficiary of a will or a deceased person in Schedule B. Since it is rare that an estate is filed, much less resolved, within six months, your failure to disclose the possible inheritance could be regarded as fraud and might lead to your discharge being revoked.Obviously, if you did not know of the death or you were not related to the decedent and had no reason at the time to believe you were a beneficiary under a will, you may avoid fraud.Consult an experienced bankruptcy lawyer, since bankruptcy law is very specific, and the means of "inheriting" money are varied and may not come within the statute.
Where can one get a bankruptcy loan?
Most banks offer bankruptcy loans to individually who have filed for protection; depending on which type of bankruptcy an individual has filed the interest rates could be as high as 10%. Smaller lenders and local banks will be more willing to work with small businesses to help pay back debts and nullify the bankruptcy.
If someone filed bankruptcy back in 1999 and a creditor was not listed were they included in the bankruptcy?
No. And if you knew they were a creditor, you could be subject to fraud charges for having filed papers with the court swearing you were declaring your entire financial status and known creditors.
Is repossession reported if bankruptcy is filed?
it could go either way. It will say "included in BK" if you included it and repo if you did not.
Can a mortgagor still file a deficiency judgment on you after you file bankruptcy?
a deficiency judgment should be discharged in a chapter 7 bankruptcy. You should file after you receive the judgment.Im pretty sure this debt would be classified as a unsecured debt.Also, I could be wrong but if you have already filed a bankruptcy then the lender foreclosed and there is a deficiency , the bankruptcy would prove you were insolvent.I think you only have 90 days after you first file.Again I could be wrong. a deficiency judgment should be discharged in a chapter 7 bankruptcy. You should file after you receive the judgment.Im pretty sure this debt would be classified as a unsecured debt.Also, I could be wrong but if you have already filed a bankruptcy then the lender foreclosed and there is a deficiency , the bankruptcy would prove you were insolvent.I think you only have 90 days after you first file.Again I could be wrong.
If you filed bankruptcy in Dec of 2004 can you get your refund that has already been taken for 2002?
No, the IRS will get to keep it. And, even if you could get it back, the bankruptcy trustee would probably take it to distribute to your creditors.
Could the US government take the proceeds from the sale of you home if you have a judgment against you because of a student loan and you filed bankruptcy?
Yes. Federally funded student loans are not dischargeable in bankruptcy.
How long after getting married do you have to wait to file jointly for bankruptcy?
My spouse and I filed 3 weeks after our marriage. I was told that it could be done immediatly.
Do you have to include the IRS in a bankruptcy?
Of course, it is immensely important to include IRS in a bankruptcy. If you don't some bad naughty things could happen.
