If a debtor received a personal injury award several months ago, what will happen to the award if they file bankruptcy?
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If a debtor received a personal injury award several months ago, what will happen to the award if they file bankruptcy?
Can it be exempt and what is the limit?
Asked on April 16, 2014 under Bankruptcy Law, Arizona
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Under Federal bankruptcy law, the personal injury award would be exempt from creditor claims if the injured person filed for bankruptcy protection based upon what you have written. I suggest that you consult with a bankruptcy attorney in your locality about your matter. One can be found on attorneypages.com.
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