If I cashed my life insurance policy, can I still file bankruptcy? 7 Answers as of September 02, 2015

I was only around $3000. I was within 6 months.

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Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Most likely yes. Not enough information here to answer this fully. It depends on your other assets. Sorry for the delay in answering.
Answer Applies to: California
Replied: 9/2/2015
A Fresh Start
A Fresh Start | Dorothy G Bunce
It is unlikely that cashing in your term life insurance would prevent you from being eligible to file bankruptcy. However, this cash would need to be included when calculating your average monthly income on the Means Test.
Answer Applies to: Nevada
Replied: 8/25/2015
Stephens Gourley & Bywater | David A. Stephens
That would be a yes.
Answer Applies to: Nevada
Replied: 8/25/2015
The Law Office of Darren Aronow, PC
The Law Office of Darren Aronow, PC | Darren Aronow
Generally that should not be a problem.
Answer Applies to: New York
Replied: 8/25/2015
Ronald K. Nims LLC | Ronald K. Nims
Yes, a $3,000 receipt shouldn't have any effect on your bankruptcy.
Answer Applies to: Ohio
Replied: 8/25/2015
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