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.
8833 S. Redwood Road, Suite C
West Jordan, Utah 84088
Telephone: (801) 432-8682
Additional Information on Utah Bankruptcy Law