If my elderly father just received his life insurance payouts and he is in the process of filing bankruptcy, can the payout money be taken by creditors?
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If my elderly father just received his life insurance payouts and he is in the process of filing bankruptcy, can the payout money be taken by creditors?
Asked on November 19, 2012 under Bankruptcy Law, Arizona
Answers:
eric redman / Redman Ludwig, P.C.
Answered 11 years ago | Contributor
the proceeds of life insurance are protected in Indiana but I would need more detaisl about what you mean by proceeds to be sure of your answer
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