That was difficult to try to read, but the simple answer is yes, you need to let both lawyers know about all the issues -- unless you want to make sure you lose any settlement money and possibly lose a Bankruptcy discharge.
Nevada law does provide that some of the money you can receive from an auto accident is protected from the bankruptcy, but if you don't disclose it, none of it is protected. Oh yeah, and the insurance company will check you out before cutting a check to your pi attorney for bankruptcy, and if you didn't disclose this information, sorry Charlie, no check! Hope this perspective helps!
I can tell you from personal experience that I appreciate knowing my client's legal involvements no matter what particular matter I am handling for them. Attorneys hate to be surprised. We can't give you good advice or prepare a successful legal game plan, if we are kept in the dark about important facts. You know the things you are talking about are important, or you wouldn't be asking these questions.
Dat's a great question. You should know dat you have to disclose all assets in dat bankruptcy you filed. But dat settlement should be exempt up to $16150...dat bankruptcy attorneys of your should know dat.
It sounds like you have not lived in NV long enough to claim NV exemptions. If you file bankruptcy you have to use AL exemptions to keep whatever, if anything, AL law allows you to keep from your settlement. In any event, you must inform bot attorneys of everything so they can make steps to preserve the most of your settlement.
I don't know if you're deliberately trying to be difficult to read, but your question is really, "Will I get caught if I commit bankruptcy fraud by willfully concealing assets."
I'd drop a client in a heartbeat for concealing this kind of information from me.