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    TINKERBELL2008's Avatar
    TINKERBELL2008 Posts: 1, Reputation: 1
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    #1

    Mar 25, 2008, 06:04 PM
    Inheritance and bankruptcy
    My dad is in bankruptcy and is going to receive an inheritance next week. He was told that he will not get it that it will all go to the bankruptcy. He filed a chapter 13 and is paying everything back. It will be paid off in 8 months. I am trying to help him research this. Any advise would be appreciated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Mar 25, 2008, 06:08 PM
    A windfall received during a bankruptcy will normally go to paying debts.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Mar 25, 2008, 06:26 PM
    Yes and why not, he owes his debts and this gives him the money to do it. *** does sort of make him wish he had filed a chapter 7 instead?
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