IS AN EMPLOYMENT DISCRIMINATION SETTLEMENT EXEMPT IN A BANKRUPTCY CASE
IS AN EMPLOYMENT DISCRIMINATION SETTLEMENT EXEMPT IF IT WAS ALREADY REVIEWED BY THE TRUSTEE AND YOU WERE GIVEN A DISCHARGE OF ALL DEBTS 3 YEARS BEFORE THE CASE IS SETTLED.
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Check with your bankruptcy lawyer but no the settlement would be an asset of the bankruptcy estate of which the bankruptcy trustee would control.
Divorce / Separation Lawyer
Exemptionsin Illinois are determined by 735 ILCS 4/12-1001. Is this a Chapter 7 or a Chapter 13, if it is a Chapter 13 the right to the proceeds might be vested in the plan. Personal injuries are exempt up to $15,000 however, I do not know what the basis for the employment discrimination suit is -- likely it is not exempt and is property of the bankruptcy estate.
Please consult your bankruptcy lawyer.