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  1. #1
    Join Date
    Oct 2011
    Posts
    2

    Default In Chapter 13, Just Got Money from BP Oil Spill Claim

    My question involves bankruptcy in the state of: Florida.

    Hello. I am currently in month 30 of a 60 month CH13 repayment. My secured creditors debt was over $300,000 which was 2 houses. My unsecured debt was $77,000. Based on my income, my total repayment plan only gives back $1,000 to the creditors with the rest going to my attorney. I just had a claim with the BP oil spill program approved for $31,000. My questions are: Can the trustee or my creditors try to go after me for more money? Can I pay off my CH13 with this money? Should I have a relative pay it off for me then I could give them money back? Thanks in advance.

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: In Chapter 13, Just Got Money from BP Oil Spill Claim

    Did you report the claim as a (potential) asset when you filed your schedules?

  3. #3
    Join Date
    Oct 2011
    Posts
    2

    Default Re: In Chapter 13, Just Got Money from BP Oil Spill Claim

    I just received word that my claim was approved. I haven't gotten the check yet. When I initially filed my 13 the oil spill had not happened yet so I was unaware I would receive any money.

  4. #4
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: In Chapter 13, Just Got Money from BP Oil Spill Claim

    I would let your attorney know & see what they say.

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