Legal Question in Bankruptcy in California

Inheritance/bankruptcy

I live in California. If chapter 13 is filed, and I inherit appox. $70,000.00 from the death of a parent, is there anything to do to protect that money from being taken away? (


Asked on 6/18/09, 11:38 pm

3 Answers from Attorneys
Jerold M. Gorski Law Offices of Jerold M. Gorski

Re: Inheritance/bankruptcy

Where are you in the process (just filed or plan approved or where)? Your options depend on all the circumstances. Have a private consultation with an attorney without delay.

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Answered on 6/20/09, 1:16 pm
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Re: Inheritance/bankruptcy

Everything is in the timing. You need to sit down and brainstorm with a BK lawyer in your locality.

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Answered on 6/18/09, 11:49 pm
Brian Whitaker Lifeline Legal, LLP

Re: Inheritance/bankruptcy

If your benefactor dies within six months of filing your BK, you will have to modify your plan to increase the monthly payments to pay 70,000 or your total unsecured debt, whichever is LESS, over the remaining years in your Plan (which you can extend to five years if you wish).

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Answered on 6/19/09, 3:36 am


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