Does Bankruptcy Offer Protection for Life Insurance Policies?

Before filing for bankruptcy protection consider whether your life insurance policy is at risk. A term life insurance policy has no value before death, but the monthly premiums are listed in your monthly budget. State law is considered in discussing a whole life policy. The beneficiary of such a policy is often the determining factor.

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Does Bankruptcy Offer Protection for Life Insurance Policies?

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    The Nerds Behind Credit Karma: Alex

    Alex is a front end developer at Credit Kama which brings the latest financial tools to today’s banking public. He incorporates new functionality into the visual presentation on their Credit Karma site where he as worked for some 18 months. He enjoys many of the office activities and urges users to keep their eye on their credit health.

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      Today In Bankruptcy – 05-09-2013

      In bankruptcy court, Texas Equusearch Mounted Search and Recovery claims that Casey Anthony owes them $100 thousand because she knew her daughter was already dead before their work. The vacuum maker, Oreck is also in bankruptcy court under Chapter 11 where they are looking for time to restructure their debt. The media company, The Daily Voice is requesting Chapter 11 protection because of employee issues and exceptional legal fees.

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      Today In Bankruptcy – 05-09-2013

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        Due diligence before filing for bankruptcy means finding out whether spouse’s assets can be claimed by your creditors. State law on community property applies here. It is not the name on the bank account but the source of those funds that is central to this determination. In preparing the filing, the source of the debt as personal or communal must also be considered.

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              Do I Have to File Bankruptcy with an Attorney?

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