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:

  1. The date you became entitled to the inheritance; and
  2. 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.

    bankruptcy lawyer

    Bankruptcy Attorney

    Ryan E. Simpson
    8839 S. Redwood Road, Suite C2
    West Jordan, Utah 84088
    United States

    Telephone: (801) 432-8682

    Ryan E. Simpson

    5.0 stars – based on 3 reviews

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