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What should you do if you receive a monetary award from a class action lawsuit after your bankruptcy hearing and prior to discharge?In: Bankruptcy Law |
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Answer
Notify your attorney.
If its a reasonable amount of money, get an attorney if you don't have one. Sometimes they can get you some wiggle room.
If you don't want an attorney, contact your Trustee, who will most likely demand the (or most of the) money.
Do not just ignore it. You can get hit with fraud under Federal Law. It is virtually always your absolute obligation under the terms of your bankruptcy, and the promises you made to the court and judge, to report it to the trustee one way or another. (It probably should have been on your schedules as an at least possible asset).
First answer by Nate. Last edit by IamLostRU. Contributor trust: 838 [recommend contributor]. Question popularity: 132 [recommend question]
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