NSW entitlements during bankruptcy

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now

Trent Debb

Member
9 September 2017
1
0
1
Hello , I'm one year through a 3 year bankruptcy , had no issues till now , I am n bankruptcy for approx 15-20k ...
My grandmother ( in WA) has just passed and the exectetor of the will has asked for my details ... I stand to inheret approx 50k ...
What do I do ?
Will the executor be able to see I'm in bankruptcy before any payout , will they flag it through a bank account deposit ?
If I do have to pay back money to he trustee it will just be for the 15-20k correct ? They can't take it all can they ?
Didn't expect this , and as this is the only money I'm ever likely to inheret I really want and need to be able to keep this
Any advice ? Suggestions ?
 

Tim W

Lawyer
LawConnect (LawTap) Verified
28 April 2014
4,936
820
2,894
Sydney
Have a read of this.