All,
I posted this in a different forum but would like some input from those that just read this forum. As luck would have it my husband just found out he is the beneficiary of a $4000.00 life insurance policy his father had. He passed away a few days ago. Our 341 meeting was also just a few days ago and went very smoothly. He is to divide this money between him and his 3 brothers. We have already notified our attorney's office about this and we have a meeting with him set up. My question to all is do you think we will be able to keep this? It is such a small amount especially when you take into account that we really only get $1000.00 of it. I would hate to have to give it back since it really is not all of ours. What do you think our chances of keeping this is? I know you cannot say for sure but from what I have told you do you think they will want to take this? At the time of filing we only had $1500 in our checking account and we were able to exempt that. If the lawyer can exempt it will this put us farther away from our discharge? On the advice of the lawyers office we have not yet contacted the insurance company about the passing of his father. This whole bankruptcy is a never ending nightmare that feels as if it will never go away. Thanks again for all you reply!
I posted this in a different forum but would like some input from those that just read this forum. As luck would have it my husband just found out he is the beneficiary of a $4000.00 life insurance policy his father had. He passed away a few days ago. Our 341 meeting was also just a few days ago and went very smoothly. He is to divide this money between him and his 3 brothers. We have already notified our attorney's office about this and we have a meeting with him set up. My question to all is do you think we will be able to keep this? It is such a small amount especially when you take into account that we really only get $1000.00 of it. I would hate to have to give it back since it really is not all of ours. What do you think our chances of keeping this is? I know you cannot say for sure but from what I have told you do you think they will want to take this? At the time of filing we only had $1500 in our checking account and we were able to exempt that. If the lawyer can exempt it will this put us farther away from our discharge? On the advice of the lawyers office we have not yet contacted the insurance company about the passing of his father. This whole bankruptcy is a never ending nightmare that feels as if it will never go away. Thanks again for all you reply!
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