Sacramento, CA asked in Bankruptcy for California

Q: im negotiating a injury claim and injury stopped me from working and put me in financial ruin

Not sure when if getting settlement but I need to take of my creditors currently. If haven't settled yet Is that going to effect my bankruptcy. Is there a time period

Related Topics:
4 Lawyer Answers
Theodore Allan Greene
Theodore Allan Greene
Answered
  • Bankruptcy Lawyer
  • Sacramento, CA
  • Licensed in California

A: you have to disclose the settlement or potential settlement to your attorney and the court. If you haven't filed a bankruptcy yet you should immediately talk to a bankruptcy attorney to go over your options.

Peter Maurice Lively agrees with this answer

Harlene Miller
Harlene Miller
Answered
  • Bankruptcy Lawyer
  • Irvine, CA
  • Licensed in California

A: The disclosure requirements when filing bankruptcy are absolute. I urge you to consult with an experienced bankruptcy attorney before you take any further action so you can fully understand your options and issues. The mere fact that you have a claim, is an asset that must be considered and disclosed when filing bankruptcy - even if no settlement has been reached yet.

Peter Maurice Lively agrees with this answer

Dale S. Gribow
Dale S. Gribow
Answered
  • Palm Desert, CA
  • Licensed in California

A: more info needed.

you should ALWAYS disclose everything to your bankruptcy lawyer as the info could cause your lawyer to take another road.

Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: You must disclose all your assets, including your settlement claim, which now belongs to the trustee of the estate.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.