Can I inherit money if I’m about to file for bankruptcy debt relief?
If you have recently filed for bankruptcy debt relief and you are about to receive an inheritance; it could be taken by your creditors. This is true whether you are filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy debt relief. Whether or not your creditors will receive your inheritance depends on the timing of the inheritance. Whether or not you filed a Chapter 7 or a Chapter 13 is important for purposes of receiving an inheritance.
If you file a Chapter 7 bankruptcy and receive an inheritance. Normally the inheritance is a part of your bankruptcy estate, so your bankruptcy trustee can use it to pay your debts. However, there are exceptions. The six month rule determines whether or not your inheritance must be distributed to creditors.
Also, if the person leaving you an inheritance dies within six months (or 179 days) after you file a bankruptcy petition, your creditors also have a right to your inheritance, even if you do not receive it until later. If the individual who is leaving you money dies 181 days after you file your bankruptcy petition, you may keep the money, and it does not have to become a part of the bankruptcy.
You may wonder how anyone will know if you receive an inheritance, especially if you will not receive it for several months or even years later. The rule is that you must report an inheritance to the trustee. If you fail to do so, your bankruptcy petition may be denied.
There are some exceptions to the general rule. Under a Chapter 7 bankruptcy debt relief, there are some exemptions in property and other assets that filers may keep. In other words, certain amounts of property and assets that the trustee cannot take as part of the bankruptcy. If your inheritance is less than your state’s exception amount, you can keep the inheritance. You may also be able to choose the federal exemption amount instead of the state exemption amount. Also, if the money was left to you in certain types of trusts, it is not part of your bankruptcy estate.
In a Chapter 13 bankruptcy, you will pay your creditors part of what you owe them. The trustee will not be able to seize your inheritance unless you stop making your payments.
Bankruptcy Debt Relief Attorney’s
If you are concerned with bankruptcy and receiving an inheritance, you should speak with your bankruptcy attorney. Call the bankruptcy attorneys at Holston & Huntley, LLC at 888-513-0004. We can help you evaluate your options. Call us today to schedule a FREE consultation on your case. We serve the states of Georgia and Alabama.

Tierra Johnson
I just wanted to say thank you to the entire company,throughout my entire incident they worked fast and diligently.They always called,texted and or email me to keep me updated.They always showed great gratitude and always kept me informed. Everyone on this team is awesome.I will definitely recommend anyone here for your injury and/or bankruptcy needs.They will make sure you get the respect and the money you need. Thank you and the whole team.

Kim Smith
I would highly recommend Holston and Huntley. The staff in the office are very nice. Abena was a big help she is the best!! They are very helpful and get everything done in a timely manner. My experience with the firm was GREAT!

Meggine Simmons
Miss Abena is the best, they are working on my case now ,I just love them always kept it 100000000 and I feel like family

Rashad Plumpp
I had an excellent experience with Holston and Huntley. My case/medical expenses were treated with the upmost care and efficiency. I recommend anyone with any type of accident injury to visit Holston and Huntley. Abena Campbell was extremely helpful and made everything convenient and comprehendible about the my case. She was made everything easy as possible. I definitely recommend Ms.Campbell to take of you.

Carolyn Williams
You can count on Buddy and Abena they are awesome. Abena was wonderful, she showed concern for me through my case. Abena walked me through this process like she knew me a long time. I promise you I felt good knowing I was being guided by someone who really cared their staff is awesome. I give them a 10+. Thank you guys, Especially, Abena

Ryan white
My experience with Holston & Huntley attorneys was nothing short of excellent. I worked directly with Abena. She worked hard to get the settlement that I deserved. Continued to stay in contact and keep me updated throughout the long process. Would recommend and work with them again. Thanks Holston & Huntley!

Candice Mitchell
Attorney Huntley and his entire staff was instrumental in getting me everything I deserved. Their patience, kindness, and loyalty to fight for my needs at a critical time proves why they are such a fantastic firm. I would highly recommend them for any of your needs. I personally, will call Mr Huntley if I’m ever in another accident.

Mulobe Mulongo
I was never anxious despite being in this situation for the first time and all the credit goes to you and your firm because you care and know what you are doing.Thanks.

Laurie Jerome
I don’t usually leave reviews on anything but I thought I needed to share my experience with Holston & Huntley. It was great! Very quick and efficient. Buddy and his staff were awesome. I personally worked with Abena and she was always available to answer any question I had. I highly recommend this firm to anyone who needs a professional lawyer that would fight to get you the best settlement you deserve. I promise you won’t be disappointed!! Thank you, Buddy, Abena and staff for all of your help.

Naimah Williams
Holston & Huntley entire team was great to work with!!! Thank you so much
- Holston & Huntley LLC @HolstandHuntLLC After an auto accident, every second counts. That’s why we offer a free consultation to discuss your case and provide expert legal advice. Let us help you get the justice you deserve. Contact Holston & Huntley today! #freeconsultation #autoaccident #lawfirm https://t.co/4A82mSk9toHolston & Huntley LLC @HolstandHuntLLC Don’t let insurance companies take advantage of you after an auto accident. We’ll fight for your rights and ensure you receive fair compensation. Trust the experienced attorneys at Holston & Huntley. #legalhelp #autoaccident #lawfirm #holstonandhuntley #mybuddylaw https://t.co/WtMLaTh8pAHolston & Huntley LLC @HolstandHuntLLC At Holston & Huntley, we understand the stress and uncertainty that comes with an auto accident. Let us take care of the legal process while you focus on recovery. Contact us today! #legalrepresentation #autoaccident #lawfirm #holstonandhuntley #mybuddylaw #mylawyerismybuddy https://t.co/eScivgs2sN