trustee questions bankruptcy
Question about bankruptcy and property?
I understand that if someone is bankrupt and inherits money/property then it goes to the trustee (?), but if the value of inheritance is more than the debt then does the bankrupt person ever see the remainder of it?
YES
the trustee, usually the official receiver, will take any excess income (so that would be a lottery win, inheritance etc) and pay off their fees, then the creditors, pro rata, until it was all gone. anything left over would go back to the bankrupt, and their bankruptcy would be discharged
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Turnaround at Treetops. (occupancy rate of condominium complex is up but developer Signey Weniger questions sales)(includes related article on Weniger’s opinion): An article from: Arkansas Business $5.95 This digital document is an article from Arkansas Business, published by Journal Publishing, Inc. on July 8, 1991. The length of the article is 1380 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: … |
