Steps to Take if You Expect an Inheritance
If you anticipate inheriting money or property, careful planning is key before filing bankruptcy:
Consult an attorney – Timing matters due to the 180-day rule.
Review exemptions – Know what Texas law protects, like your primary residence or certain personal property.
Consider Chapter 13 – May allow you to keep the inheritance while restructuring debts.
Be transparent – Always disclose expected inheritances to avoid dismissal or legal issues.
Proper preparation helps you protect your inheritance while still gaining bankruptcy relief.
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Austin Bankruptcy Lawyers
3800 North Lamar Blvd # 200
Austin, TX 78756