Blog

  • How bankruptcy affects personal injury claims

    Back
    Being involved in an accident is difficult. It can be even more difficult if you're bankrupt. You have to consider how to get personal injury claims while juggling bankruptcy. This kind of case is definitely one that personal injury lawyers in Huntsville, AL, and bankruptcy lawyers in Huntsville, AL, should handle. But before you meet with personal injury lawyers in Huntsville, AL, and bankruptcy lawyers in Huntsville, AL, take note of how the timing of the incident can impact your claim.

    Before

    If the injury happened before you filed your petition for bankruptcy, then your personal injury claim will become part of the bankruptcy estate. It will then be disclosed in your bankruptcy paperwork—which your bankruptcy lawyers in Huntsville, AL, will help you do. Also, bear in mind that all or some parts of the injury claim may be protected by an exemption. On the other hand, if any part of the injury claim is not protected by an exemption, the bankruptcy trustee may investigate and pursue the injury claim. So make sure to discuss it both with your personal injury lawyers in Huntsville, AL and bankruptcy lawyers in Huntsville, AL.

    After

    Contrastingly, if the injury occurred after you completed a bankruptcy, then your injury claim won't generally be a part of the bankruptcy estate. Neither the bankruptcy trustee nor your creditors have a claim against your injury claim if your bankruptcy is complete. You will be fully entitled keep any compensation you obtain from the claim when you pursue it. However, if you are still in the process of completing your bankruptcy, then your accident must be disclosed to the bankruptcy trustee or court. To properly do it, you must consult personal injury lawyers in Huntsville, AL, and bankruptcy lawyers in Huntsville, AL.

    Now that you know how the timing of the injury impacts your claim, you can consult personal injury lawyers in Huntsville, AL, and bankruptcy lawyers in Huntsville, AL, with confidence. Give us a call today if you need a personal injury or bankruptcy lawyer!
    Admin
    Oct 27, 2017
    0 Comments
    Share on Twitter Share on Facebook
Write a Comment

(Max 1000 characters - You have 1000 characters remaining)
captcha Refresh