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    Life insurance,

    We are in a Chapter 13. If either my husband or I die while in plan, does our insurance money get taken by bankruptcy court?

    #2
    Originally posted by beachchick View Post
    We are in a Chapter 13. If either my husband or I die while in plan, does our insurance money get taken by bankruptcy court?
    The answer depends on your state's bankruptcy and inheritance laws, and also on how much of the payout can be protected by your state's bk exemptions that haven't already been used.

    This is an excellent question to ask your lawyer.
    I 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

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