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Life Insurance

What happens to the proceeds of life insurance if the bankrupt person dies before the 9 months is up

Posted from: Alberta

One Response to “Life Insurance”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This depends on who the life insurance belongs to and who the designated beneficiaries are. This is a discussion you are better to have directly with a local trustee as you will have to clarify a few details before it can be properly answered.