Legal Question in Bankruptcy in United Kingdom

Re: Inheritance after bankruptcy

There are no lower or upper limits on what the Trustee can claim.

The Trustee may make a claim with 42 days of the date the Trustee becomes aware of the inheritance. In justifiable circumstances the court can extend the time but the limits are fairly strict.

The Bankrupt has a statutory duty to notify the Trustee about an inhetiance and a failure to do so is a contempt of court and there heavy penalties for breach.

An inheritance acquired after the date of discharge is not subject to the above provisions.

Re: Inheritance after bankruptcy

There are no lower or upper limits on what the Trustee can claim.

The Trustee may make a claim with 42 days of the date the Trustee becomes aware of the inheritance. In justifiable circumstances the court can extend the time but the limits are fairly strict.

The Bankrupt has a statutory duty to notify the Trustee about an inheritance and a failure to do so is a contempt of court and there heavy penalties for breach.

An inheritance acquired after the date of discharge is not subject to the above provisions.

Re: Inheritance after bankruptcy

There are no lower or upper limits on what the Trustee can claim.

The Trustee may make a claim with 42 days of the date the Trustee becomes aware of the inheritance. In justifiable circumstances the court can extend the time but the limits are fairly strict.

The Bankrupt has a statutory duty to notify the Trustee about an inheritance and a failure to do so is a contempt of court and there heavy penalties for breach.

An inheritance acquired after the date of discharge is not subject to the above provisions.