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Alger Bankruptcy Services


Same team, new name

Alger & Associates personal bankruptcy services are
now provided by
Grant Thornton Alger Inc.

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Edmonton, Calgary bankruptcy Q&A forum

Author:

 

Question:

 

If a person declares bankruptcy and has life insurance, can the creditor collect from the life insurance, after death?


From:

 

Grant Thornton Alger Inc.

Date:

 

Dec 29, 2013

Answer:

 

Life policies are exempt if the beneficiary is either a parent, spouse or child of the bankrupt. Insurance proceeds would flow to the Trustee if the beneficiary was simply the estate of the bankrupt. Please contact your insurance broker to review your policy. Thanks for the question.

Marie Kozlowski
T 403-296-3082
Marie.Kozlowski@ca.gt.com

 

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