Legal Question in Bankruptcy in Illinois
Inheritence after Bankruptcy
I filed for chapter 7 bankruptcy in June of 2005;my mother passed away Aug. of 2005. She put her house and personal property into a trust with myself and my brother as co-trustees. Can the money from the sale of house/property be taken away? Also, life insurance money, Mom's retirement, etc. is being put into a checking account with the Trust as owner and my brother and I as co-trustees/signers..can this money be taken away to repay debt?
1 Answer from Attorneys
Re: Inheritence after Bankruptcy
Questions like yours are frequent. And, to a professional, seem to be posed at a time when a litigant (you) is already represented by another lawyer. May I suggest that you contact the person that you retained and paid for to answer this question?
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