Can they lug a personal injury money settlement to retribution chapter 13 liquidation?
My father received a personal settlement but filed bankruptcy a year ago, received a personal settlement claim, can they thieve that money?
Answers:
Yes, they can. Especially if his bankruptcy has not be discharged yet. They can take adjectives of it and use it to pay his creditors.
They can do anything they want. I wouldn't hold my breath. Sorry.
In bankruptcy you are only allowed to hold on to the first $5,000.00. The rest would have to be turned over to the Chapter 13 Trustee. If he was within a Chapter 7 and he received the money after his discharge, he would be allowed to keep all of it. He should tell to his attorney about this....did he tell his attorney roughly the settlement before he filed the skin?? Source(s): I work for a bankruptcy law bureau.
Since he filled chapter 11 instead of chapter 7 I believe they can. He is working on paying his debts sour. His best bet is to contact the lawyer that filed for him and they will know how to give him the best legal push for.
Related Questions:
What is the material appeal from personal injury from a vehicle stroke of luck where on earth you are not at breakdown?
What is desperate expectation insurance on a personal injury claim?
Can someone report to me anything in the region of personal injury cases, they've have or hear of similar to mine?
How long does it cart to settle a personal injury suit against an insurance company?
I am looking for a company that offer personal injury protection lacking have to insure a vehicle?
Answers:
Yes, they can. Especially if his bankruptcy has not be discharged yet. They can take adjectives of it and use it to pay his creditors.
They can do anything they want. I wouldn't hold my breath. Sorry.
In bankruptcy you are only allowed to hold on to the first $5,000.00. The rest would have to be turned over to the Chapter 13 Trustee. If he was within a Chapter 7 and he received the money after his discharge, he would be allowed to keep all of it. He should tell to his attorney about this....did he tell his attorney roughly the settlement before he filed the skin?? Source(s): I work for a bankruptcy law bureau.
Since he filled chapter 11 instead of chapter 7 I believe they can. He is working on paying his debts sour. His best bet is to contact the lawyer that filed for him and they will know how to give him the best legal push for.
Related Questions: