[mistizagirl]

I filed a chapter 7 bankruptcy the end of jan 2008. I got discharged and closed may 13, 2008. My father lives out of the country and I just found out that he passed away. I was checking all his documents and I found a life insurance policy leaving me as beneficiary. Can I claim this and keep the money? There is no estate as to he wasn't living here in the united states. He only had this life insurance policy. Do I need to wait 180 before claiming or is it OK to claim now since it's the bankruptcy is discharged and closed. I live in GA in case that might matter. Thanks!

[Fr_Chuck]

Well this is tricky, since if he died during the time frame of the bankruptcy then the money was suppose to be declared. And a if a debtor is still watching you, a large amount of money into your bank account may draw interest.

If you are the named beneficiary then it would not go into an estate,

I would wait if it was me, or have the money put into a non US bank.

[mistizagirl]

So wait the 180 days after the filing date of Jan 2008? If so, that will be the end of July that I can claim. Also the ins company has where they will put the money in their account and they will send me checks and I can do with the money what I want.