life insurance Tag

07 Jul Massachusetts Protections of Cash Value Life Insurance

The Massachusetts laws protecting cash value life insurance might as well be written in Middle English. Theysimply cannot be understood byanyone except the most persistent of us.Luckily, some recent court decisions help us find our way. Back in2007, I expressed appreciation to U.S. Bankruptcy Judge Henry...

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29 Dec Debt Does Not Die When You Do, Part Two

Surprise, you're dead. Distinct from 'zombie debt' which should be dead, but refuses to die, your debt does not automatically die when you do. Your family or heirs could be forced to pay the bills that you didn't (or couldn't) pay before you moved on to another plane of existence. You might want to read Part One of this series.

So the widow said to me, "Don't you just write a letter to the credit card companies and make them stop sending bills?" It's not always that easy. If you have a debt that is only in your name and you die without any assets, then maybe those debts would die too. But that is a loaded statement. Let's break it down.

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15 Apr Considering Bankruptcy To Get Rid Of Your Medical Bills? You Are Not Alone! (Part Two Of Five)

In Part One of this article we learned that many Americans, whether or not they had health insurance, had experienced problems paying their medical bills. Many bankruptcy clients cite medical bills that were either not covered by insurance, or deductibles and copays on those bills, as...

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