Monthly Archives: August 2014

What happens to my inheritance if I file for bankruptcy?  by Menomonee Falls WI Bankruptcy Lawyer The answer to this question is complicated.  If you are eligible to receive an inheritance within 6-months of filing for bankruptcy, that inheritance becomes part of your “bankruptcy estate” and the Trustee assigned to your case may use those proceeds to pay your creditors – thus, leaving you with less, or no inheritance.  It is best to plan for this type of scenario by contacting...

What if I have an old collectible car – will I lose it if I file bankruptcy?  by Mequon, WI Bankruptcy Lawyer Again, as in so many legal situations, the answer is “it depends.”  When you file for bankruptcy there are limits on the amount of property you will be allowed to keep.  Anything over and above those limits will be liquidated and sold to pay off your creditors.  The key question regarding the old collectible car is – what is...