Filed Chapter 7 and since (before creditors meeting) received a small inhertiance in the amount of 5k. Can I keep the inhertance because it would be exempted under the exemption under Article 7, Item 16 Unused residence ememption? I use nothing for my residence exemption nor the Unused residence exemption. Wouldn't it be save there?
If the tenant/debtor assumed the lease and you are in chapter 7 and he is current there is probably not much you need to do. If however the debtor falls behind a motion for relief from stay may be necessary. Remember to only contact the debtor through his attorney, contact seeking payment could be a stay violation subjecting you to sanctions and attorneys fees.