If I’ve filed bankruptcy and cash in a insurance policy, can they go after that money?
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If I’ve filed bankruptcy and cash in a insurance policy, can they go after that money?
Asked on November 9, 2012 under Bankruptcy Law, Ohio
Answers:
eric redman / Redman Ludwig, P.C.
Answered 12 years ago | Contributor
the value of a life insurance policy should have been listed as an asset in the bankruptcy. in Indiana, if the beneficciary is a spouse or child, then the cash value is protected nfrom the trustee and creditors by law.
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