How will my Inheritance be Treated in a Chapter 7 Bankruptcy

Whether your inheritance will be turned over in a Utah Chapter 7 Bankruptcy depends on two things:

The date you became entitled to the inheritance; and
Whether the inheritance is exempt

The general rule is an inheritances received within 180 days of your Chapter 7 bankruptcy filing is part of the bankruptcy estate. If you are entitled to receive your inheritance more than 180 days after you file for Utah Chapter 7 Bankruptcy, then the inheritance is not considered property of the bankruptcy estate.

Most assets become property of the bankruptcy estate when you file for Chapter 7 Bankruptcy. To learn if your inheritance is part of your bankruptcy estate or if you have any questions about the services we provide, contact us by Phone at (801) 432-8682.

Please call me today at (801) 432-8682 to discuss your specific situation and how Bankruptcy may be right for you.