my sister got hurt really bad and now can't work and it got me to thinking...i do the same type work she does, i was looking into disability insurance and wanted to know if i have to ask the trustee in order to get it
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If you have sufficient extra income monthly to afford it and getting the insurance doesn't jeopardize making your plan payment on time every month, since insurance is not a new debt, it seems like you should be ok to proceed. Of course, check with your lawyer to make sure it's ok first!Originally posted by quietsound View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to go -
i'll do that...it's about $115 per month and from what i can tell on my bk paperwork i can go up to $5k without permission of the court but this would be disability insurance since i have my own business and the payment i could receive if hurt, sick, or injured would go to paying the plan if i lost work.Comment
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It's definitely a good idea. No sense risking your Plan when you can get insurance to take care of the payments.
Try to be sure to get a combo of Short Term and Long Term disability insurance. Many times, Long Term doesn't kick in right away. Short Term generally pays for the first 3-6 months. Then the Long Term kicks in.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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WELL, doesn't look like i can get anyone to even underwrite this kind of insurance for me, you know why??? bankruptcy. you have to be discharged in bankruptcy before any of them will underwrite it. See, I don't think that's fair at all. it's not a loan, for heavens sake it's for insurance, i mean if you don't make the payment they cancel the insurance. why do people have to make things so difficult for the rest of us!Comment
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If you will im or email me I may be able to give you a company that may be able to write it.Originally posted by quietsound View PostComment
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