take away inherited money
You are not bankrupt if you have money in the bank. It is possi
You are not bankrupt if you have money in the bank. It is possible that the trustee will want those funds to pay creditors.
You should really be talking to an attorney.
Hi! Welcome to the forums! Yes, under the bankruptcy code, the U
Hi!
Welcome to the forums!
Yes, under the bankruptcy code, the US trustee can take away the money you have received from selling the house. If you have inherited any other property or asset from your father, the US trustee can even sell it to pay off his debts. Contact a bankruptcy attorney as soon as possible
SoapLady is absolutely correct. You will have to list your asset
SoapLady is absolutely correct. You will have to list your assets while you file bankruptcy. Thus, you'll have to mention that you had inherited the house and sold it off. The trustee will ask you to give away that money so that he can pay off your creditors. If you don't disclose the fact that you inherited the house and sold it off, then it will be considered as fraudulent and the bankruptcy court can dismiss your case. Thus, as SoapLady has suggested, get in touch with a bankruptcy attorney immediately and then take the decision whether or not to file it now.