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    robert_rivera's Avatar
    robert_rivera Posts: 2, Reputation: 1
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    #1

    Jan 24, 2011, 11:32 AM
    During chapter 13 bankruptcy receive inheritance, opt out of bankruptcy and pay off?
    I am six months into a chapter 13 bankruptcy and I have received an inheritance. My bankruptcy is about 60% payout of my total debt of $90K. My inheritance is about 50% of what I owe. Should I opt out of the bankruptcy and try to negotiate with the credit card companies for a payoff for about 50% of what I currently owe and would they be willing to accept a 50% payoff?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jan 24, 2011, 11:44 AM

    The only way to know is to ask your creditors. What does your attorney advise?
    robert_rivera's Avatar
    robert_rivera Posts: 2, Reputation: 1
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    #3

    Jan 24, 2011, 12:00 PM
    I see my attorney on Wednesday. Hoping to get some information so I can make a more informed decision.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Jan 24, 2011, 12:07 PM

    Too much depends on who you owe, what they will agree to do, the rest of your financial picture (including employment, credit reports, etc.)
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