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Bankruptcy

: The Debt Podcast

Is The Cash Value of My Life Insurance Policy Protected If I File Bankruptcy in New York State?

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Until recently, it was unclear whether cash value in a life insurance policy was protected if a joint bankruptcy was filed in New York State.  Up until about a year or so ago, it wasn’t an issue.  The cash values of life insurance policies were seen as exempt as long as there was a beneficiary named [...]

Full post as published by The Debt Podcast on October 27, 2008 (boomark / email).

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