Legal Question in Bankruptcy in Texas
husband got in an accident and has filed bankruptcy before the accident should this bankruptcy interfere or hold up the settling of the accident?
2 Answers from Attorneys
Since this occurred after the petition was filed, it is post petition and should not interfere. However, the bankruptcy stay on litigation may apply during the bankruptcy.
My guess is that the insurance company for the other party (assuming there was one) will file a motion to life the bankruptcy stay and proceed with the resolution.
It is likely. It will depend on whether the trustee decides to take an interest in the settlement. It is post-petition but if it is entitled a windfall then it could be an issue. You should contact your bankruptcy attorney on this to get more details.
It is very difficult to fully answer this without more details.
Best of Luck
Greg Wiley
www.dallas-fortworth-bankruptcy.com
Related Questions & Answers
-
Recently divorced and left w/ alot of bills that i cant cover what are my opions Asked 8/01/11, 2:14 pm in United States Texas Bankruptcy Law
-
Is there a way i can file my own chapter 7 bankruptcy without having to pay an... Asked 7/27/11, 12:03 pm in United States Texas Bankruptcy Law
-
Will filing bankruptcy offer any relieft in terms of breaking an apartment lease? Asked 7/26/11, 9:11 am in United States Texas Bankruptcy Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
