Question: We are about to file for bankruptcy . At some time in the next year (timeframe unknown) I am likely to receive an inheritance from a deceased aunt in a foreign country.
Do I have to notify the trustee of the impending inheritance ahead of time, or wait until it arrives?
If it arrives during the bankruptcy I assume it has to go into the estate.
If it does not arrive until after discharge, what happens in either the scenario where it was notified and taken into account, or not notified at all?
Answer: You should notify your trustee in advance that you may receive an inheritance, and ask the trustee to advise you on how to proceed. If you become entitled to an inheritance while bankrupt, the trustee will seize it. If you believe the inheritance will be large, it may be prudent to delay filing bankruptcy.