Hello and thank you for allowing me the opportunity to assist you.
Question: “Can a monetary inheritance be garnished if I file for bankruptcy?”
Answer: I’m sorry to say that the answer is yes. When you file for bankruptcy, you are only granted a limited number of exemptions (exempt assets means they are protected). In the case of cash, you can only protect a small amount. Anything over the small amount can be used to repay creditors regardless of the source (with a couple of exceptions for things like Social Security). Inherited money is not given special protection. I wish I had better news.
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DISCLAIMER: Please be aware that only an attorney licensed in your state is authorized to advise you in legal matters, and that the limitations of this setting may prevent your legal issues from being thoroughly addressed. Accordingly, please understand that (1) by answering your question(s) I am not acting as your attorney, (2) my answer(s) should be construed as general information only, and (3) our discussion is not an adequate substitute for an in-person consultation with an attorney.