FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

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Will I lose the life insurance money?

My spouse has passed away leaving me with a small amount of money from his life insurance policy. If I declare bankruptcy will I lose the life insurance money? My monthly income as I am a senior is approx 1250.00.

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One Response to “Will I lose the life insurance money?”

Desmond West-Chow, CIRP said...

This is a question that may be difficult to answer without knowing some more information about how and when you may be receiving the money, or if you’ve already received, what has happened to it since. I would recommend you contact a local trustee and discuss the question with them to allow you to provide more specific details on what you received.