Michigan Bankruptcy Blog

What Happens if I Receive an Inheritance after Bankruptcy Filing?

What Happens if I Receive an Inheritance after Bankruptcy Filing?

Even If You Didn't Expect an Inheritance Before Filing, You Can Still Lose it Afterward Inheritance after Bankruptcy: The Expanding Bankruptcy Estate Generally, when you file a Chapter 7 or Chapter 13 bankruptcy, the value of the assets of the bankruptcy estate that is created by automatic legal function upon the filing of the bankruptcy estate becomes calculated as of that date. Thus, for example, if upon the filing of a Chapter 7 bankruptcy, you owned, say, stocks worth ...

Posted on February 14th, 2014 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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