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Bankruptcy

: Bankruptcy Law Network

Will They Take My Annuity if I File for Bankruptcy?

By Jill Michaux, Kansas Bankruptcy Attorney

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A 32-year-old single mother of two filed for chapter 7 bankruptcy in Kansas and lost her $900 monthly lifetime annuity payment.  This week she lost her attempt to protect the annuity from her creditors and the bankruptcy trustee. The chapter 7 bankruptcy trustee likely will sell the future stream of annuity payments for a lump sum [...]

Full post as published by Bankruptcy Law Network on December 20, 2009 (boomark / email).

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