Legal Question in Bankruptcy in Nevada

lawsuits

lawsuit that was on going before bankrupsy was filled .( chap 13 ) was what i filed 3 years after bankrupsy was dismissed lawsuit is now going to be settled will i be able to keep my settlement if and when its recieved


Asked on 3/25/07, 10:31 pm

1 Answer from Attorneys
Dorothy Bunce

Keeping Settlement Money in Chapter 13

Whether you can keep the money you receive in a lawsuit after filing a Chapter 13 depends on whether 1) the money was claimed as exempt on Schedule C of the Bankruptcy OR 2) whether you are paying your unsecured creditors an amount at least equal to the amount you are receiving as a settlement.

Check with your own attorney for more details

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Answered on 3/26/07, 11:50 am


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