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Someone owes me money. Will I be able to pursue them after the bankruptcy to collect what they owe me?

Someone owes me money. Will I be able to pursue them after the bankruptcy to collect what they owe me?

It depends on which state’s exemptions need to be u sed. If Arizona’s exemptions are the ones that need to be used, you will lose it if the both the claim and the target are strong enough to make it worthwhile for the trustee to pursue the claim (by settlement or lawsuit) and distribute the net sales proceeds to your creditors. Exceptions apply in Arizona for child support debt, spousal maintenance debt, and other limited situations.

Contact a Phoenix Family Law Attorney

If you need help regarding your Family Law matters, contact a Phoenix
Family Law attorney today. Call Thomas Law Office, PLC at (602) 466-7055.

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