bankruptcy personal injury
Can they take a personal injury money settlement to pay chapter 13 bankruptcy?
My father received a personal settlement but filed bankruptcy a year ago, received a personal settlement claim, can they take that money?
In bankruptcy you are only allowed to keep the first $5,000.00. The rest would have to be turned over to the Chapter 13 Trustee. If he was in a Chapter 7 and he received the money after his discharge, he would be allowed to keep all of it. He should talk to his attorney about this….did he tell his attorney about the settlement before he filed the case??
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Asbestos Bankruptcy Trusts: An Overview of Trust Structure and Activity with Detailed Reports on the Largest Trusts $25.97 This report describes the creation, organization, governance, and operation of asbestos personal-injury trusts and compiles publicly available information on the assets, outlays, claim-approval criteria, and governing boards of the 26 largest trusts. The authors find that important data are incomplete, often shallow, and inconsistent…. |
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Explaining the flood of asbestos litigation: Consolidation, bifurcation, and bouquet trials (NBER working paper series) … |
