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Life Insurance Payout Question

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    #16
    thanks...I will check back this week

    Filed July 09
    Confirmation - June 2010
    Final Payment - June 2014 - 7/2/14 DISCHARGED

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      #17
      GREAT Lawyer today! Second lawyer btw that didn't realize my statute existed. (20-1131) I guess "exemption" laws are 11's...not 20. But he liked what he saw...the way I understand it....

      If you have no Life Insurance money coming to you (from someone dying) from the time you start your BK to the time it is discharged 10-12 months...you are protected after that...now mind you that is WITHOUT my find. He said..by the looks of this statute...you are protected, period!
      $70k- Unsecured Debt
      $88k- Secured Debt (HELOC/2nd)
      $200k- Land investment gone bad. (Land secured)
      1st- $366k / House Value- $300k

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        #18
        Congratulations! Your research really helps!
        Filed CH 7 9/30/2008
        Discharged Jan 5, 2009! Closed Jan 18, 2009

        I am not an attorney. None of my advice is legal advice in any way..

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