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I Might Get a Cash Settlement in the Future. Can I File Bankruptcy Now? – Jami

Written by Steve Rhode

“Dear Steve,

My husband and I are currently in a fair amount of debt, living paycheck to paycheck. Sometimes having to use our credit cards to buy groceries or pay for gas 2 days after payday. I am looking for ways to get out of it, possibly by filing bankruptcy, but I am going to be receiving a small settlement check for the death of my father in April.

If I file bankruptcy, will that money have to be accounted for or will it be taken from me? The amount of the check is going to be more than the debt owed unless I include my house and my husband’s student loan. Any help or advice you can give me in this matter would be greatly appreciated.


Dear Jami,

The best advice would be to meet with a local bankruptcy attorney as soon as possible and work out a game plan.

You can click here to find a local bankruptcy attorney and get a free consultation.

We can’t guess on this, need facts, to come up with a great plan. But one thing if for certain. You need to meet with the attorney as soon as possible. Time is not on your side on this.

Please post your responses and follow-up messages to me on this in the comments section below.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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