Life insurance is exempt as per the New York bankruptcy laws. So you can protect it.
Mon, 01/28/2013 - 08:52
I'm residin in NY and filing for Chapter 7 bankruptcy and the sole thing that I can say mine is a life insurance policy having a cash turn value of about $50,000. Is a life insurance policy exempt in NY or would the trustee seize it? Any response would be appreciated!
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