Legal Question in Bankruptcy in Connecticut

Settlement coming my way.

I had a settlement award of over $100,000. The defendent has filed an appeal so we are going through those ropes now.

I also have debt of about $100,000 for which I am considering filing bankruptcy.

You can probably guess my question; But will the bankruptcy trustee use the settlement money to settled debts, if I also win in appeals court?


Asked on 9/19/04, 7:19 pm

2 Answers from Attorneys
James Aspell Law Office of James F. Aspell, PC

Re: Settlement coming my way.

Yes. Some of the settlement would be exempt, but the trustee would def. be looking at the rest and would jump into the appeal.

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Answered on 9/19/04, 11:49 pm
Dennis McDonough Dennis P. McDonough,L.L.C.

Re: Settlement coming my way.

Yes.Under certain circumstances your settlement,or a substantial portion,may be used to satisfy debt.You do benefit from specific exemptions,but you need to sit with a bankruptcy attorney . Dennis P. McDonough

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Answered on 9/20/04, 5:53 am


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