How will an inheritance effect my bankruptcy?
Question Details: I am looking into filing a Chapter 7 bankruptcy. I read the information on how inheritance effects bankruptcy if you recieve it 6 months after you file. I however am concerned with money I received before filing bankruptcy. I recieved my fathers who passed away remaing arizona retirement. How would that factor into my bankruptcy?
Anne Brady / Russell & Brady, PLLC
Answered 9 months ago
This attorney is licensed in Arizona
View Attorney Profile
Any money you already inherited from your father is an asset like any other. If you have too much money or too much income, bankruptcy will not be an option. If not, that money will go toward paying your creditors.
