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View Full Version : Life ins policy and bankruptcy


maledferd
May 5, 2008, 09:34 AM
I have 3 insurance policey and I'm filing banrupty ,can they take that from my wife when I die, thank you

Fr_Chuck
May 5, 2008, 01:46 PM
After the bankrutpcy is final, it is final. If there is cash value in the policy, you may have to declare the value in the policy ( not death benefit but the cash value) if they are term policies they have no bearing on it.

After the bankruptcy is final, that is it it is final.

George_1950
May 5, 2008, 01:58 PM
Welcome to AMHD. In what state do you reside? Do you have an attorney?