Boise, ID asked in Bankruptcy for Idaho

Q: Will a trustee want to investigate the source of a "gift " provided to payoff a ch 13 early . How much investigation?

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2 Lawyer Answers
David Luther Woodward
David Luther Woodward
Answered
  • Bankruptcy Lawyer
  • Pensacola, FL

A: I think it totally depends on the amount, the age of the case, and the trustee. Talk to you lawyer about this.

Kevin M Rogers
Kevin M Rogers
Answered
  • Bankruptcy Lawyer
  • Boise, ID
  • Licensed in Idaho

A: Yes they will do an extensive investigation because the bankruptcy code looks backward either 6 months to see if you received a "windfall," and instead of paying iff your bankruptcy plan, the Trustee MAY ask the ciurt to dusmiss your plan, convert your Plan to a Chapter 7 and either move to dismiss it or they will simply take the money and let you pay off your plan.

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