This is thoroughly answered here. Consequently, can creditors go after inheritance?
Your creditors cannot take your inheritance directly. However, a creditor could sue you, demanding immediate payment. The outcomes of such lawsuits depend on the underlying facts and circumstances. The court could issue a judgment requiring you to pay your creditors from your share of inherited assets.
Subsequently, question is, can you invest while in Chapter 13? The terms of your Chapter 13 agreement likely say that you have to go before the court, disclose the change in assets and ask for permission to invest. While the court may allow you to invest your new money, you have to get permission first to make sure you're really free to use it as you please.
Also question is, can I sell my home while in Chapter 13?
In Chapter 13, if you have a home, you're likely to be able to keep it, as your bankruptcy trustee will set up a repayment plan to your creditors, including your mortgage holder. If you decide to sell your home while in Chapter 13, you must inform your attorney early in the process and complete the necessary paperwork.
Are family members responsible for deceased bills?
While heirs or family typically aren't responsible for your debts when you die, that doesn't mean they just go away. That estate will have someone, known as the executor or administrator, who will be designated by the will and affirmed by a court to handle all financial issues of the deceased, including their debts.
