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WHAT HAPPENS IF YOU COME INTO A LARGE AMOUNT OF MONEY WHILE YOU ARE IN BANKRUPTCY?
If you are in bankruptcy, things like winning a lottery, or inheritances are referred to as acquired property. A bonus at work is considered earned income.
- After acquired property, uses the entire amount, up to the fulfillment of the outstanding debt to satisfy the debt.
- Earned income is subject to surplus income rules, meaning only a portion of it would be put towards the debt.