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    maledferd's Avatar
    maledferd Posts: 1, Reputation: 1
    New Member
     
    #1

    May 5, 2008, 09:34 AM
    Life ins policy and bankruptcy
    I have 3 insurance policey and I'm filing banrupty ,can they take that from my wife when I die, thank you
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #2

    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's Avatar
    George_1950 Posts: 3,099, Reputation: 236
    Ultra Member
     
    #3

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

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