2006-11-28 01:59:02 · 4 answers · asked by lilme 4 in Business & Finance ➔ Credit
It is listed as an asset. It does not mean anyone will ever see the money (other than the ex), but it is something the courts may mandate a percentage or all be used to determine the validity of your chapter 7 or 13, and actually assign it to creditors, not that they will see it either, unless it is a large amount, then they may go after it.
2006-11-28 02:01:25 · answer #1 · answered by gare 5 · 0⤊ 0⤋
You must ensure this is properly scheduled on your bankruptcy petition! If you do not disclose it, the money the ex owes will be owned by the bankrutpcy "estate" and not you. You will have no rights to the money if this is not disclosed properly.
True, you may be forced to turn some or all of the money over to the trustee, but this is better than loosing all rights to it.
See a lawyer if you don't already have one!!
2006-11-29 14:16:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It will most likely go to your creditors
2006-11-28 02:02:17 · answer #3 · answered by Anarchy99 7 · 0⤊ 0⤋
nothing happens----your ex still is liable for the payments to you
2006-11-28 02:04:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋