Denver, CO asked in Bankruptcy for Colorado

Q: My daughter just had a bankruptcy case and it is almost final. Her aunt died and left her some money. Will it be taken ?

Is there a way to protect her inheritance?

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1 Lawyer Answer
Timothy Canty
Timothy Canty
Answered
  • Bankruptcy Lawyer
  • Evergreen, CO
  • Licensed in Colorado

A: Any inheritance to which she becomes entitled within 180 days of filing the bankruptcy is considered property of the estate and must be turned over to the trustee. If the amount of the inheritance exceeds the amount of creditor claims, she would be entitled to the remaining funds.

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