I am thinking of filing bankruptcy and I have an annuity type life insurance policy with a Surender value of 65,000.00 and am concerned that if I file they will take this also
My friend has inherited money from her Grandmothers life insurance policy. She wants to use the money to buy a house (she has a husband and a couple of kids) and that is what her Grandma wanted her to do with the money she left for her. She has a truck she wants to keep too, so she has transportation for work and taking care of her children. She and her husband both got laid off from work, so she’s been staying with a family member (yeah, she really needs her own roof over her kids heads). She almost died of an illness several years ago and she was in the hospital for a really long time. During that time she accumulated a ton of medical debt (over 0k from what I’m told) because she didn’t have insurance at the time. Should she file bankruptcy to get rid of the medical bills? If not, should she work out a payment plan with the hospital… or would they just go after her house and throw liens on it? I don’t think she has too much debt other than the medical bills. I didn’t know what to tell her to do, so I thought I throw it out to yall for suggestions. Your help is really appreciated.
I have quite alot of debt and am looking into filing bankruptcy. How far back are they going to check my bank statements? Also my father passed away and left a life insurance policy to my mother that my name is on as a trustee…will this matter?