After finalizing Chapter 13, if a person should receive a cash gift or inheritance, would these assets be protected from creditors?

Question Details:

Chapter 13 has been filed and finalized - 9 months later a relative gives a cash gift in the form of a certificate of deposit to the bankrupt party, would this newly acquired asset be protected from the creditors or would they have a legal right to lay claim to them?

Answered 6 years ago| Contributor
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