Legal Question in Bankruptcy in Illinois

Bankruptcy Exemptions

Is money you will get from a trust fund, when your parent dies, exempt when filing bankruptcy?


Asked on 1/11/03, 1:22 pm

1 Answer from Attorneys
Thaddeus Hunt Law Offices of Thaddeus Hunt

Re: Bankruptcy Exemptions

A certain amount may be exempt. I would need additional details on the trust as well as the other property you own.

Before filing, I urge you to consult with an attorney. An attorney can help you you to structure your bankruptcy in such a way to protect as much of the trust as possible.

I am currently accepting alimited number of new clients and would be willing to talk with you and set up an appointment.

Please telephone (847) 223-4410 to discuss this further.

Very truly yours,

Thaddeus Hunt, Esq.

Read more
Answered on 1/13/03, 12:12 am


Related Questions & Answers

More Bankruptcy Law questions and answers in Illinois