Okay, I'm probably posting in the wrong forum, but I know you guys have good answers.
I was in a car accident on Friday driving to work. Someone who might have rear-ended me ended up broadsiding me as they were swerving to miss me. I found out today that the car is pretty much totaled - the repairs for the car are more than it's worth.
I plan on using what settlement I get from the insurance company to use as a downpayment for my next car, whatever that might be. Is there anyway the trustee is going to know about this or am I free and clear with this money since it's going for another car?
I'm a paranoid little critter and I don't need anyone telling me that I have to fork over money that I got from an insurance settlement.
Thanks. Sorry if I'm rambling. I'm still reeling from the accident and the news of the totaled car.
I was in a car accident on Friday driving to work. Someone who might have rear-ended me ended up broadsiding me as they were swerving to miss me. I found out today that the car is pretty much totaled - the repairs for the car are more than it's worth.
I plan on using what settlement I get from the insurance company to use as a downpayment for my next car, whatever that might be. Is there anyway the trustee is going to know about this or am I free and clear with this money since it's going for another car?
I'm a paranoid little critter and I don't need anyone telling me that I have to fork over money that I got from an insurance settlement.
Thanks. Sorry if I'm rambling. I'm still reeling from the accident and the news of the totaled car.

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