Tuesday, May 25, 2010

I recently settled a lawsuit if I file a chapter 13 bankruptcy will my settlement money be safe?


Answers:
it may depend wha the law suit is for but i dont think it is safe.
no.
Generally no...it all depends on the source and purpose of the funds..but generally funds such as a settlement will not be safe
why file bankruptcy??
They will take it some or all of it away to pay your debt. It is considered income and you'd have to declare it. It is a crime to hide your income, but in this case, it is public record. There's no hiding it.
yes...you r ok
NO if you have money you are not bankrupt therefore you cannot file bankruptcy! It is called logic try it sometime
You have to pay back your debts, both from a legal and moral stand point.

You owe the money.

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