[CLBS] "windfall" money

Tyler McGee Tyler at twinfallsattorneys.com
Thu Jun 21 11:16:34 MDT 2012


I have always assumed that financial windfalls after filing had to be disclosed. In fact, the trustee's statement of information (at least in my neck of the woods) requires disclosure to the trustee of any windfall. However, I see nothing in section 541 that would include financial windfalls outside of inheritance, divorce property, or life/death policies in the bankruptcy estate. Is there a case or other statute out there that I am unaware of that would require disclosure or turnover of financial windfalls like gambling or lottery winnings?


Tyler J. McGee

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