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If someone is eligible for an auto injury settlement is this settlement exempt from creditors in a Chapter 7 bankruptcy in Utah?
Optional Information: State/Country relating to question: Utah
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(x) proceeds of insurance, a judgment, or a settlement, or other rights accruing as a result of bodily injury of the individual or of the wrongful death or bodily injury of another individual of whom the individual was or is a dependent to the extent that those proceeds are compensatory;
78B-5-505. Property exempt from execution.
If this is a bodily or personal injury matter, it would be exempt under Utah law as stated above
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78B-5-505(1)(a)(x) utah Code on property exemptions
Experience: 10 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS