Accident injury settlement

[bear30044]

I was recently in a bad car accident, If I win a settlement for my injuries. Will the bankruptcy court take this or will i get to keep this money?

I guess nobody knows the answer to this, It is a legitamate question

[Flamingo]

If you did a search on here as to your situation you would find many postings similar to yours with responses. That is probably why no one responded to you quickly as this has been discussed many times on this forum. The answer to your question is yes the Trustee can take some of that money and the best thing for you to do is inform your BK attorney of the circumstances as to your accident and the possibility of a lawsuit.

[HHM]

The settlement is an asset and therefore subject to the BK estate. Whether and how much the trustee gets to take depends on your state exemption. Sadly, most states have no or a limited exemption for personal injury settlments. Typically, you can exempt funds that pay actual losses (i.e. medical bills bills etc), but anything beyond that is turned over to the trustee.