Legal Question in Bankruptcy in Pennsylvania

Question 1

I Have Received Life Insurance Proceeds After

 My Mother's Death But PriorTo My Foreclosure.

 Are My Insurance Proceeds Subject To Seizure To Satisfy

A Deficiency Judgement... ?

The Key Word Here Is "Prior"

Question 2

I Have Received Life Insurance Benefits Proceeds After

 My Mother's Death But PriorTo Filing For Chapter 7 Bankruptcy.

Are My Insurance Proceeds Subject To Seizure To Satisfy

Creditors?

Again, The Key Word Here Is "Prior"

Asked on 5/13/13, 7:26 am

1 Answer from Attorneys

Matthew Nahrgang Nahrgang & Associates, P.C.

The proceeds must have been disclosed in your bankruptcy case. If they were, they may be exempt.

Deficiency judgments are extremely rare. But assuming you acually have one, once again the proceeds may be exempt.

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Answered on 5/14/13, 9:15 am


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