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cfortunato
cfortunato, Attorney
Category: Bankruptcy Law
Satisfied Customers: 8023
Experience:  Bankruptcy professor.
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Didnt file bankruptcy yet but expexting inheritance in a month

Customer Question

Didnt file bankruptcy yet but expexting inheritance in a month what should i do.
Submitted: 4 years ago.
Category: Bankruptcy Law
Expert:  cfortunato replied 4 years ago.

Hi - my name is XXXXX XXXXX I'm a Bankruptcy attorney here to assist you.


1) How much money will you be receiving, and/or what is the value of the property you will be receiving?
2) Have you lived continuously in Ohio for the past 2 years? If not, where have you lived for the past 2 1/2 years?
Customer: replied 4 years ago.
27,000.00 Live in ohio all my life
Expert:  cfortunato replied 4 years ago.

If you file either before you receive your inheritance, the Bankruptcy court may be able to take some or all or it.

However, if you file after you receive your inheritance, you will be able to use the money for everyday expenses so that there is little or nothing left by the time you file.

What were you planning on doing with the money?

Customer: replied 4 years ago.
deposit check in mothers account or put in trust fund for 17yr.daughter.
Expert:  cfortunato replied 4 years ago.

If you do either of those with the money, the Bankruptcy court will be able to take the money from your mother's account or from your daughter's trust fund.

Can you wait to file a Bankruptcy while you use the money for everyday expenses?

Customer: replied 4 years ago.
do i have show where spent money or say spent at Vegas
Expert:  cfortunato replied 4 years ago.

Yes - you may have to provide some proof of what you did with the money. If you say you spent the money in Vegas, the trustee can ask for proof that you went to Vegas.

Customer: replied 4 years ago.
Thank you were satisfy booking ticket to Vegas
Expert:  cfortunato replied 4 years ago.
You're welcome!