Bankruptcy and Death
March 21st, 2007 by Questions
Thanks for commenting on my question. I have another.
My relative passed away and then I discovered that he left no will and had filed bankruptcy last year which he did not make payment on. It looks as if he sold anything of value he might have had and left a huge mortage. I have talked to the trustee and they were nice to begin with. I paid for the funeral and other expenses to date. His utilites also all had disconnet notices. He left a huge mess behind. There is a survior benefit on his pension with a named benifiery as well as a small life insurance policy with named benifiery. I have also applied for the CPP death benefit. I was hoping this would pay for the funeral. Now the trustee is saying they may go after the pension and life insurance.
Can they do this? Can they take the CPP benefit to? Should I just walk away from everything? Sad that while trying to do what I thought was the right thing may very well but me in to bankruptcy if the trustees take everything. Can anyone offer some advice?
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