Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
It might end up being part of the bankruptcy estate:
Here is some more info:
What state are you in?
Do you have a plan? Is that what it says? Why are you in chapter 11? Is it your business?
Do you have an attorney? You should be asking your attorney about this?
If you are in a Chapter 13, or perhaps an 11, the situation is different because in those proceedings you enter into a court approved agreement with your creditors – the Plan. In return for you being able to pay your creditors over the length of the Plan so your estate is not liquidated, you agree that your future income and other money you receive during the Plan period may be used to satisfy your obligation to your creditors. Any money you have a right to receive during the Plan period needs to be reported to the trustee. Depending on the amount and nature of the inheritance, and the terms of your Plan, the trustee may require that you devote all or a portion of the funds or property to the Plan.
It depends upon your plan and the trustee.