Are Inherited Assets in Texas Safe from Bankruptcy?
Inherited assets may be affected by the 180-day rule. If you become entitled to an inheritance within 180 days of filing, it is considered part of your bankruptcy estate.
Chapter 7: Inheritances within this period can be claimed by the trustee, though Texas exemptions—like the homestead—may protect some property.
Chapter 13: Even after 180 days, the trustee may require part of the inheritance to fund your repayment plan.
Understanding this rule helps you and your attorney decide whether to file now or wait, ensuring unexpected assets are handled wisely.
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