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Call: 888-297-6203 People who are on the verge of the bankruptcy filing are often worried about their life insurance policies. This is something, they simply cannot afford to lose. Dallas based bankruptcy law firm https://recoverylawgroup.com/ lawyers say that generally your life insurance policies are not considered a part of your bankruptcy estate. However, in case, they are included in your bankruptcy estate, there are exemptions available to protect them. Whether the insurance policy becomes a part of your bankruptcy estate depends on which type of insurance policy it is. Another important consideration is who is the beneficiary of [...]

Call: 888-297-6203 Individual bankruptcy is different from corporation bankruptcy. Unlike personal bankruptcy, when the corporations file for bankruptcy under Chapter 7, they don’t get a bankruptcy discharge. A bankruptcy discharge informs creditors that you are not liable for your owed debts. In the case of corporations, it will mean that they are still liable for debts which were not paid off when bankruptcy estate was completely administrated and closed. Dallas based bankruptcy law firm https://recoverylawgroup.com/ says that corporations are also not allowed any exemptions i.e. they cannot protect any assets unlike individuals. What can lead to corporations filing [...]