Alabama  |  Bankruptcy

Legal Question

Asked on: 7/30/13, 4:06 pm

I've filed chapter 13 bankruptcy - 3 months ago. I have some whole life insurance I would like to cash out. Does that go to the court or is it under my control?

1 Answer

Answered on: 7/30/13, 7:03 pm by Charles Andersen

It is considered income in a chapter 13 case, even though it may be traceable to an exempt source.

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Charles Andersen, Atty 1761 Hotel Circle S. Suite 270 San Diego, CA 9208

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