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After your bankruptcy is discharged, what is the time period that you have to report if you get inheritance $$?

  
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After your bankruptcy is discharged, what is the time period that you have to report if you get inheritance $$?

Postby nemausus36 » Tue Apr 10, 2012 9:49 pm

I KNOW YOU HAVE TO REPORT IT UP TO A CERTAIN AMOUNT OF TIME. WAS THAT 3 MONTHS AFTER DISCHARGE? AND IS IT WHEN YOU ACTUALLY GET THE MONEY OR WHEN THE PERSON DIES? MY FRIENDS MOTHER DIED 2 MONTHS AFTER THE DISCHARGE AND SOME IS HELD IN TRUST FOR THE SURVIVING SPOUSE, 100K COMES OUT RIGHT AWAY, IT COULD BE 6 MONTHS BEFORE THE TRUSTEE IS BACK IN THE COUNTRY TO ADMINISTER THE TRUST, SO EVERYTHIN IS DELAYED. AT WHAT POINT DO WE REPORT A POTENTIAL INHERITENCE/OR ONCE ITS IS FINALIZED IS THAT IT? HE DOESNT WANT TO GET INTO TROUBLE FOR NOT REPORTING IT, HOWEVER DOESN'T WANT TO REPORT IT IF HE DOESNT HAVE TO. WHAT ARE THE LAWS AND THE POTENTIAL CRIME, IF ANY? JUST CURIOUS FOR HIS SAKE HE DOESNT GET INTO TROUBLE. THANKS.
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After your bankruptcy is discharged, what is the time period that you have to report if you get inheritance $$?

Postby atworth49 » Tue Apr 10, 2012 9:53 pm

you could also take your inheritance and pay your debts that were bankrupted.
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