My home suffered severe damages due to Hurricane Sandy. Thankfully I had insurance and after thorough inspection, the insurance company has coughed up a few thousand dollars. However, the repair works are in process and I still have around $7,000 left which I need to use for the remaining restorations. On the other hand, I am considering bankruptcy to get rid of my outstanding credit card bills. What I wanted to know is that if I successfully file BK7, can the trustee claim the rest of the insurance money?
