Latest Posts
Home > Ask The Get Out of Debt Experts > I Might Get a Cash Settlement in the Future. Can I File Bankruptcy Now? – Jami

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

“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.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

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.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.