Ask a Bankruptcy Lawyer

If I just filed for bankruptcy, what happens to life insurance proceeds that are payable to me?

I am so sorry for your loss.  The general rule as to inheritance and …

FreeAdvice Contributing Attorney answered 1 year ago

If I file a bankruptcy, will it cover a garnishment on a paycheck of someone who signed a promissory note on my behalf?

No, unfortunately your bankruptcy filing will have no bearing on your mother's financial obligations. …

FreeAdvice Contributing Attorney answered 1 year ago

In a Chapter 13, does your trustee see any and all bank accounts you have even if you only disclose your main checking?

Unfortunately, no--you can't legally hide income or assets from the bankruptcy trustee. A bankruptcy …

FreeAdvice Contributing Attorney answered 1 year ago

How do you determine when to file for bankruptcy?

Each individual's situation is different in terms of whether or not to file for …

FreeAdvice Contributing Attorney answered 1 year ago

If I have given an assignment of my life insurance policy as collateral for a loan, if I file bankruptcy does the creditor's interest in the policy survive?

Assuming the lien is properly perfected under applicable state law more than 90 days …

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Mark J. Markus, Law Offices Of answered 1 year ago