Legal Question in Bankruptcy in Minnesota

Bank claim on Life Insurance after chapt 7?

A bank did not release a claim to a

life insurance policy on a person who

had completed Chapter 7 bankruptcy

in the summer of 2006. The bank

debts were discharged in bankruptcy.

6 months later the person died. The

bank demanded payment of the old

debt from the Life Insurance Co, who

had not received a release prior to

the death. The bank should not have

been paid? The bank should have

released all the money to the

beneficary of the policy?


Asked on 1/30/09, 9:55 am

1 Answer from Attorneys
Sam Calvert Calvert Law Office

Re: Bank claim on Life Insurance after chapt 7?

I would start by talking to at least two people: a representative of the insurance company and the attorney who handled the bankruptcy. You are going to have to review the security documentation.

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Answered on 1/30/09, 10:51 pm


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