I purchased life insurance so I would pass the means test. Can I go ahead and cancel now or do I need to wait until my discharge? I received the report of no distribution from the trustee already and the last day for creditors to object is in a couple of weeks. Thanks.
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Why did you purchase life insurance in the first place? Did you do it to protect family? Or were you trying to *futz* with the numbers?"To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed." -
I was on the "borderline" too and this was one of the *suggestions* my attorney had for me to beef up my expenses....Originally posted by AngelinaCat View Post
In the end, I didn't need to go that route, I was too broke 
As for the OP: I would wait until discharge. Just my opinion...May 2008 Hired 1st Attorney/Stopped paying CCs
May 21, 2009 Retained 2nd Attorney
May 28th - Filed for Ch 7 (FINALLY!)
9/11/09 - DISCHARGED!!!!
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Originally posted by dustinc View Post
I am in a similar position, but not with the means test (i pass that with flying colors). One attorney said that buying health insurance would 'improve my position' with the review of my expenses (which are otherwise very low). Well, I need health insurance, so thought that would be fine, then realized that a) it's VERY expensive and b) I am down to the wire on finances and just cannot afford it. I have no idea what to do. The attorneys have my information and everything is under review. I am hoping they will tell me not to worry about it, because I have no idea how to pay for it for even a few months if that is what I need to do. Yes, it's that bad.Comment
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My attorney told me to do it because I had too much disposable income and life insurance is an allowable expense but I don't want it. When can I cancel it? Already received report of no distribution. Thanks.Originally posted by AngelinaCat View PostComment
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Why not wait two more months, just to be safe? Although highly unlikely anyone woud ever know.Wife Laid off - 11/16/2009 Missed First Payments - 12/5/2009
Filed Chap 7 - 12/31/2009
341 - 2/12/2010
Discharged - 4/19/2010
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