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Are longterm care health insurance policies assets that can be seized in a bankruptcy?
Wiki User
∙ 16y ago
No...they have no liquadation value. Actually, it's not an asset...but rather an expense or liability (for the amount of the contract payment).
Wiki User
∙ 16y ago
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What kind of insurance policies are subject to executor's fees?
Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.Insurance policies owned by the decedent that do not name a beneficiary, those made payable to the decedent or to the estate are probate assets and thus subject to the executor's fee.
Would our judgment awarded by courts prior to defendants chapter 13 bankruptcy take precedent to the assets before the assets are taken in the bankruptcy?
No.
Will the bankruptcy court take a lawsuite settlement?
The bankruptcy court will deal with ALL your assets.
If your assets are over ten thousand dollars can you declare bankruptcy?
hide the assets then file.
Are assets in a 401k protected if you file bankruptcy?
Yes.
Trade Insurance Covers International Financing Risks?
Trade insurance is common known as credit insurance. These types of policies are purchased by private businesses who wish to insure their assets and accounts receivable from extended credit risks such as default, insolvency, bankruptcy, and the like. Private insurance agencies and export credit agencies offer these policies, which are a subtype of property and casualty insurance. Political risk insurance also falls into this category and insures businesses against non-payment by foreign buyers due to currency problems, political unrest and other unforeseen international situations. Trade insurance also helps cover longer term trade financing.
Can assets be protected from a personal injury judgment by filing bankruptcy?
Yes. Consult a knowledgeable bankruptcy attorney.
Is property held in an irrevocable trust protected in bankruptcy?
Can you protect your assets from bankruptcy by placing them in an irrevocable trust?
What were insurance companies' assets in 1992?
Insurance companies controlled about $1.6 trillion in assets in 1992
Any assets remaining after bankruptcy is declared go to the?
creditors
Can you buy a house if you have filed for bankruptcy?
If you have filed bankruptcy because you cannot afford to pay your debts, a lender will not loan you money to purchase a house and it just doesn't make sense. You cannot continue to acquire assets while your assets are frozen and in the possession of the trustee in bankruptcy in a bankruptcy proceeding.
In a bankruptcy preceding how does the court verify all assets?
When you complete your bankruptcy schedules you are swearing, under oath, that everything in them is true and accurate. The Trustee does have the ability to hire an appraiser to value your assets. If the Trustee suspsects you're hiding assets, they can hire investigators to verify, but most of the time this does not happen. Hiding assets is bankruptcy fraud and could land you in jail and fined if you're caught at it.
