With the help with the court docket, both you and your creditors will structure a repayment plan that lasts from three to 5 years. Once the judge approves your proposal, you will deliver month to month payments to your court-appointed trustee. They will accumulate and distribute your payme
In case your condition’s exemption legislation don’t involve an exemption especially for existence insurance, you should still manage to guard your policy’s cash benefit with other exemptions, for instance your state’s personal assets, funds, or wildcard exemptions.
Please read on To learn more about figuring out whether or not you are able to keep insurance proceeds in a very Chapter 7 bankruptcy using bankruptcy exemptions.
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