Michigan Bankruptcy Blog

Can I Protect Life Insurance Funds in Chapter 7 Bankruptcy?

Can I Protect Life Insurance Funds in Chapter 7 Bankruptcy?

If You Have Already Received A Life Insurance Benefit Distribution Before Filing ... Life Insurance Funds in Chapter 7 Bankruptcy: A Fact-Based Analysis If you have lost a spouse prior to filing a Chapter 7 bankruptcy, life insurance proceeds you've already received may be able to be protected from liquidation if the proceeds can be argued to have been reasonably necessary for your support at the time that they were received—and at the time that you are ...

Posted on August 6th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Keep Paying Homeowners Insurance after Surrender in Bankruptcy?

Insure Real Estate Until You Are No Longer Its Titled Owner Keep Yourself Protected! Bankruptcy is in nearly all cases a vastly more cost-effective and time-efficient means of walking away from a home than is a short sale in which homeowners must negotiate with and often pay off lenders to get their agreement on the sale and potentially suffer massive tax liabilities. It is certainly more effective than simply letting a house go to foreclosure, which, here ...

Posted on May 27th, 2013 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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