Legal Question in Bankruptcy in Texas

bankruptcy during discrimination law suit

help: I've been involved in a discrimination suit for over a year and have won the right to sue from state. I'm also filing bankruptcy this month. Can i lose any funds i may be awarded if i file chap 7 or 11? I was diagnosed with Hep C and Cirrhossis last summer, the company terminated me after i shared the info with them, can't work while on interferon for a year - having to file bankruptcy don't know what else i can do. Also just approved for disability with Social Security. thanks so much.


Asked on 10/07/02, 6:00 pm

1 Answer from Attorneys
Lawrence Maun Lawrence J. Maun, P.C.

Re: bankruptcy during discrimination law suit

You would probably file either a Chap 7 or Chap 13. chap 11 is the reorganization provision of the Bankruptcy Code. If you file Chpa 7 and elect the federal exemptions, you lawsuit proceeds may be exempt under Sec. 522(c)(11)(E) of the Bankruptcy Code, exempting payments in compensation of loss of future earnings. Your social security payments are exempt also. Larry Maun 713.266.2560

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Answered on 10/08/02, 10:01 am


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