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Consumer Bankruptcy : Chapter 7, Chapter 13, Protection From Claims of Creditors
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Old 07-18-2001, 02:22 PM
Sunflower Gal
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I am filing my own Chapter 7 papers because I cannot afford an attorney. I have the Nolo book, but it is not clear on this question: Do I list my own life insurance policy where it says "Interests in insurance policies", and if so, how do I determine Currrent Market Value? I cannot cash in the policy and so it has no value to me, only to my beneficiary. Thank you very much. I'm in CA.
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Old 07-18-2001, 03:00 PM
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Under market value, I'd say term policy and add no cash value.
When you list your expenses, be sure and list the monthly or quaterly {or however you pay} premium.
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