By Scott Riddle Posted in Chapter 7,Creditor Law,Debt Collection & ForeclosureFunds in joint bank accounts can generally be accessed by all account-holders — each of them can withdraw all of the money in the account regardless of who actually deposited the funds in the account. This is often the reason for having a joint account. However, this can create a huge problem for the account… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 13,Chapter 7If a person files for Bankruptcy, and during the case or shortly after the case closed that person passes away, who gets the life insurance proceeds? Is it the beneficiaries on the policy, or does the money go to the person’s creditors or the Bankruptcy Trustee? Thankfully, the answer to this question is usually pretty… Continue Reading
By Scott Riddle Posted in Bankruptcy Basics,Chapter 13,Chapter 7No, you will not lose your family pet in a Bankruptcy case. Technically, pets are “personal property” that should be listed in Schedule B. Of course, most of us with pets view them more as members of the family than something like an end table. My goldens and labs have had the run of my… Continue Reading
By Scott Riddle Posted in Chapter 13,Chapter 7It is not uncommon for people who file for Bankruptcy to receive an inheritance either during their Bankruptcy case or shortly after their case is over. Is the inheritance part of the Bankruptcy estate and can the Trustee take the inheritance? In either a Chapter 7 or Chapter 13 case, if your relative passed away… Continue Reading
