If my grandfather passed away about 9 months ago and I was named in his Will, what happens if I now file for bankruptcy?

Do I have to disclose this or does the 180 day rule apply?

Asked on July 31, 2014 under Bankruptcy Law, Iowa


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

I am so sorry for your loss.  This is a Chapter 7, correct?  The 180 day rule can be confusing and the key is when you became entitled to receive the inheritance. This date is usually the day the person leaving you the inheritance passes away and not the day you actually collect the inheritance, which can be months later. Double check about state bankruptcy laws with your attorney. 


IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.