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You should ask your BK attorney, however you cannot conceal those funds and yes, that would be assets considered in the BK to pay creditors. If you say nothing about it, they could go after you for bankruptcy fraud.

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Q: I have a pending property damage claim on my home can I file chapter 7 and will they take my property claim money?
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Related questions

How do you claim auto insurance when you wrecked your car on your property?

It would be an auto claim for the damage to the other and a homeowners claim for the damage to your property. You cannot be liable to yourself, so you cannot claim the property damage on your auto policy.


Can you sell your home with a pending insurance claim?

Sure. You will need to make certain that you let the new owner know of the damage and of the pending claim. It will also need to be clear to the new owner that he will not receive the proceeds from the claim. As long as everything is made clear up front you should have no problem.


How does property damage insurance work?

Property damage insurance covers damage to property, usually with exclusions. The insured pays monthly premiums and files a claim for any damage that the property receives. The insurer then sends out a claims adjuster to inspect and come up with a monetary amount for the damage.


Can you take back a claim once you submitted it to the insurance company?

You can take back a claim for damage to your own property. You can't take back a claim where you are liable for damage to another party.


What happens if your property damage insurance is not enough to cover the claim?

You will be liable for the difference.


Is a workmen's compensation settlement exempt in Chapter 7 bankruptcy in the state of PA?

How much, if any, needs to be claimed in the State of PA when filing for Chapter 7 if you have a pending WC claim in another state.


How do you proceed with insurance in a single car accident with no injuries no property damage just damage to my car?

Call your insurance company and get a claim started.


Can you get public liability while pending claim against you?

That would probably be very difficult to find with a pending claim. It's best to stay with your current insurer until the claim is closed.


Can you make an insurance claim for damage to your property caused by a fire that was accidentally started by a person on another propertyThe owner of the other property does not have property insuran?

Yes, if you have comprehensive coverage.


What should you do if you are involved in an accident in which there is personal or one thousand dollars or more in property damage?

claim 4 insurance.


When being evicted for property damage. what can you file a counter claim for?

This is a legal question which must be referred to an attorney for clarification.


Will homeowner's insurance normally cover a property damage claim which exceeds the liability coverage limit from a car accident?

No.