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Bankruptcy and Inheritance
I my name is Judy and I filed Chapter 13 bankruptcy in October of 2007. My mother passed away in January 2007, but because of a mess up with her Attorney and my brother, who is excutor, the estate has not been finalized yet. This is February of 2009 and pass the 180 days for me to claim the inheritance, so does that mean I get to keep the money which is about 5,000 or do I contact the trustee and sent it to him to pay my creditors. By the way I did not file personal bankruptcy, I filed for a business that I closed. Thank you
Judy |
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On a chapter 13 you have to report any changes of income during the life of the chapter 13. If you filed in 2007 it will be 2010 or 2011 before there is any discharge. You are confusing the report dates for a chapter 7 and a 13. A 13 is a "wage owners plan" and the amount of payments is set according to income. So their money has to be reported to the trustee. In fact since you knew there was going to be one, at some point, was it reported as possible income in the original filing. |
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