What happens with property I acquire after I have already filed for bankruptcy?

Generally, property that you receive or acquire after you file for bankruptcy is not included in your bankruptcy estate and is yours to keep.

However, there are certain items that you must report to the bankruptcy court and trustee if you receive them within 180 days of filing for bankruptcy. These items include:

-inheritance

-death benefits or life insurance proceeds

-property received from a divorce decree

These items would be reported to the bankruptcy court by filing a Supplemental Schedule for Property Acquired After Bankruptcy Discharge with your case.

Categories: Chapter 13, Chapter 7