'Interests in Insurance Policies'
Almost done with the schedules. Line 9 of Schedule B asks for "Interests in insurance policies. Name insurance company of each policy and itemize surrender or refund value of each"... huh? Is this speaking of life insurance policies (an obvious) or do they want the amount of current home and auto insurance policies?
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Filed Joint, No Asset, > $100,000 Unsecured Ch.7 6/7/13 ~~ 341 Meeting 7/15/13 ~~ Discharged 9/16/13 !! -
All policies that of which you are a beneficiary or that have a cash value. This is usually just life insurance policies.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt. -
Thanks, JB. Home & Life Insurance didn't seem that 'interesting', so to speak.Originally posted by justbroke View PostFiled Joint, No Asset, > $100,000 Unsecured Ch.7 6/7/13 ~~ 341 Meeting 7/15/13 ~~ Discharged 9/16/13 !!Comment
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Life Insurance is... if it's a whole life policy. Those may have a cash value today (present value), and the Trustee would be interested in those. If it's term life, you don't need to list it.Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
Status: (Auto) Discharged and Closed! 5/10
Visit My BKForum Blog: justbroke's Blog
Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.Comment
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Oops, I meant to say home and *auto* insurance wouldn't be of interest.Originally posted by justbroke View Post
Good advice, thank you.Filed Joint, No Asset, > $100,000 Unsecured Ch.7 6/7/13 ~~ 341 Meeting 7/15/13 ~~ Discharged 9/16/13 !!Comment
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