Filed bankruptcy and had a hurricane claim for inside items …. can I keep it?

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This check is for $19,000 and I didn’t know about it. It took forever to get to me. And it was during a natural disaster to replace some items inside my house like clothes.”

Asked April 30, 2019

1 Answer


The answer to your question will depend on the specifics of your bankruptcy case and the laws of your state. Generally, when you file for bankruptcy, your assets become part of the bankruptcy estate, which is then used to pay off your creditors. If you filed a hurricane claim for inside items and received a payout from your insurance company, that payout may be considered part of the bankruptcy estate. Depending on the type of bankruptcy you filed, you may be required to turn over the insurance payout to the bankruptcy trustee to be used to pay off your creditors. However, there may be exemptions available in your state that allow you to keep certain assets, including insurance payouts. You should consult with a bankruptcy attorney who can review your specific situation and advise you on your options. It's important to note that bankruptcy can have long-lasting financial consequences and should not be taken lightly. If you are considering filing for bankruptcy, you should consult with a qualified attorney who can help you understand the process and the potential consequences.

Answered May 2, 2019 by fl_pc

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