The situation:
A relative declared Chapter 7 bankruptcy in 1998. The bankruptcy was later discharged.
Only recently did the relative learn of some land he would have inherited an interest in when his mother died in the 1960s. As of 2008, the land has not yet been probated.
When it is probated, is the debtor-relative required to report it to the trustee of the bankruptcy? Or does the rule that inheritances are clear from creditors after 180 days apply?
Another way to put this, does the 180-day rule apply to date of death, or date of probate?
Thanks for any help you can provide.
Cheers,
JL
A relative declared Chapter 7 bankruptcy in 1998. The bankruptcy was later discharged.
Only recently did the relative learn of some land he would have inherited an interest in when his mother died in the 1960s. As of 2008, the land has not yet been probated.
When it is probated, is the debtor-relative required to report it to the trustee of the bankruptcy? Or does the rule that inheritances are clear from creditors after 180 days apply?
Another way to put this, does the 180-day rule apply to date of death, or date of probate?
Thanks for any help you can provide.
Cheers,
JL
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