Q: Is there an exemption in FL for a product liability settlement received after a bankruptcy is closed
A: No exemption. The answer to this question is dependant upon a number of things. Was it a chapter 7? When was the product liability suit filed? As is usually the case, many things need to be known by an attorney in order for an accurate answer to be given.
A: If the cause of action existed at the time the Bky was filed and the Trustee did not specifically abandon it, then the Bky Estate maybe entitled to a portion.
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