Will I be able to receive a settlement while in Chapter 13 bankruptcy?

Asked almost 3 years ago - Memphis, TN

I'm currently in Chapter 13, but will likely be awarded a settlement. Will I be able to receive the money? Is there anything I can do to make sure I do?

Attorney answers (3)

  1. 3

    Lawyers agree

    Answered . You must ask your attorney. The answer depends on the cause of action, when it accrued, whether it was listed (or needs to be listed) on your schedules, your trustee, your judge, and the controlling case law. Trust us -- it's a complex question that can't be answered without research.

  2. 2

    Lawyers agree

    Answered . Settlement for what? Personal injury? Workers Compensation? We don't have enough information to intelligently respond. In addition this will depend on when the action which created the right to the settlement occurred and if prior to the filing of your bankruptcy, whether you properly exempted the claim under state law. If you have an attorney, ask your attorney. If you don't, go consult one and be prepared to pay him or her for the time you spend with them.

    DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal... more
  3. 2

    Lawyers agree

    Answered . You can certainly receive a settlement. What you are really asking is can you keep it. And that depends on a number of factors which you have not shared. As pointed out, you need to consult an attorney for answers and be sure you provide all information so you can get good advise. Sharing only what you think might be important is a sure way to get meaningless advice.

Related Topics

Bankruptcy

Bankruptcy is a legal way for people or businesses who are no longer capable of paying back their bills to clear these debts and start over.

Chapter 13 bankruptcy

Chapter 13 bankruptcy is called a wage earner's plan because it lets people who earn an income repay their debt (all or some) over time and keep their property.

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