Bankruptcy and Your Car Accident Settlement: What to Know - BNO News
Bankruptcy changes how your car accident settlement works. It creates an “estate” that includes most of your property and money. And your accident claim becomes part of this estate. The federal Bankruptcy Code establishes the main rules about how assets like a settlement get treated in bankruptcy. But state laws also play an important role […]
Bankruptcy changes how your car accident settlement works. It creates an “estate” that includes most of your property and money. And your accident claim becomes part of this estate.The federal Bankruptcy Code establishes the main rules about how assets like a settlement get treated in bankruptcy. But state laws also play an important role in critical areas like exemption planning. The timing of each process also changes how they interact. Let’s break down the key components of this...
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