3 Responses

1. see here

   February 10th, 2010 at 9:11 am

   1

   The answer if somewhat complicated.
   The life insurance death benefit is not included in bankruptcy but when you get some money, your assets and all your money may be included in the Bankruptcy.
   On this one your going to have to wait for your attorney. And, everything depends on who is named as the beneficiary. Is it you or your trust?

2. mbrcatz

   February 10th, 2010 at 11:04 am

   2

   The life insurance money would have been paid out to the named beneficiary. If that was you, then yes, all that money would have gone towards your mutual debts.
   So. Who is the beneficiary of his policy? That’s what matters.

3. zeuz

   February 10th, 2010 at 5:38 pm

   3

   In almost every instance of which I’m aware, the life insurance proceeds are exempt from BK proceedings. You all can rest easy.