Florida | Bankruptcy
7/22/09, 1:42 pm
Legal Question
My cousin's wife passed away in June and he was a beneficiary of a life insurance policy of $50k. He is filing Bankruptcy because his debts and medical bills are extreme. Will the $50k be taken by the court to pay his debtors or is the amount fully exempt? If not, he has not cashed the insurance check yet, what could he do?
Thank you.
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Read More Answered By: Carol Lawson |
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