Comments on: I’m filing personal bankruptcy, if I die can the bank take my life insurance money? http://www.smartbankruptcyguide.com/personal-bankruptcy/im-filing-personal-bankruptcy-if-i-die-can-the-bank-take-my-life-insurance-money Helpful Bankruptcy Resource Mon, 03 May 2010 16:37:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: rpg http://www.smartbankruptcyguide.com/personal-bankruptcy/im-filing-personal-bankruptcy-if-i-die-can-the-bank-take-my-life-insurance-money/comment-page-1#comment-1930 rpg Fri, 03 Jul 2009 14:54:59 +0000 http://www.smartbankruptcyguide.com/personal-bankruptcy/im-filing-personal-bankruptcy-if-i-die-can-the-bank-take-my-life-insurance-money#comment-1930 It depends on whether you file a joint bankruptcy with your wife, or an individual bankruptcy without your wife. If you file jointly, then the bankruptcy estate still exists even after the death of one spouse, so in that case it is possible that some life insurance proceeds paid to your wife might (in some circumstances go to pay creditors. If you file separately, then no, the debts die with the debtor.<br><b>References : </b><br>Former Legal Assistant with a bankruptcy law firm It depends on whether you file a joint bankruptcy with your wife, or an individual bankruptcy without your wife.

If you file jointly, then the bankruptcy estate still exists even after the death of one spouse, so in that case it is possible that some life insurance proceeds paid to your wife might (in some circumstances go to pay creditors.

If you file separately, then no, the debts die with the debtor.
References :
Former Legal Assistant with a bankruptcy law firm

]]> By: PoliPino http://www.smartbankruptcyguide.com/personal-bankruptcy/im-filing-personal-bankruptcy-if-i-die-can-the-bank-take-my-life-insurance-money/comment-page-1#comment-1929 PoliPino Fri, 03 Jul 2009 14:25:59 +0000 http://www.smartbankruptcyguide.com/personal-bankruptcy/im-filing-personal-bankruptcy-if-i-die-can-the-bank-take-my-life-insurance-money#comment-1929 Apparently your life insurance policy is protected, up to a certain amount, depending on the state you live in.<br><b>References : </b><br>http://www.insure.com/articles/lifeinsurance/bankruptcy.html Apparently your life insurance policy is protected, up to a certain amount, depending on the state you live in.
References :
http://www.insure.com/articles/lifeinsurance/bankruptcy.html

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