Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
As you may already know, since your wife became entitled to her inheritance within 180 days after your Bankruptcy was filed, that inheritance - or a portion of it - becomes part of the Bankruptcy estate. Bankruptcy Stat. 541(a)(5)(A).
There would be little to gain - relative to your credit reports - by having your case dismissed, as a Bankruptcy case remains on one's credit report for 10 years after the case is closed, whether or not the case is dismissed.
Lastly, a Bankruptcy court will usually not allow a voluntary dismissal when there are significant assets - such as your wife's inheritance - to gather and distribute to creditors.
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