Legal Question in Bankruptcy in Texas

Lawsuit settlement

In Jan. of 1999, I filed a lawsuit as part of a class action suit. In July of 1999, my husband and I filed bankruptcy. Our hearing was in Feb. of 2000 and our debtor's meeting was in August of 1999. We have been paying on this since August of 1999.

We are settling the lawsuit next week and I will receive a settlement. I called my bankruptcy attorney. He was no help. I was told that he was no longer our attorney and to call the trustee's office. I have called the trustee three times and only get a recording. They have not returned the calls. My question is what do I do now? Will I have to pay the entire amount of the outstanding debt or the outstanding secured amount or what? How do I go about reporting this? I don't know that this is important...we filed a Ch. 13.


Asked on 2/08/01, 9:42 pm

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

Re: Lawsuit settlement

Did you list the lawsuit as an asset on your bankruptcy schedules? If so, you dealt with it in your Chap 13 plan, thus continue paying your plan payments until complete. If the plan calls for addtional payments if you have a lawsuit recovery, then you would be required to make addtional payments.

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Answered on 3/21/01, 10:20 am


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