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Home / Opinion Digests / Bankruptcy – Automatic Stay – Insurance Policy – Cash Surrender Value – Assignee Of Benefits (access required)

Bankruptcy – Automatic Stay – Insurance Policy – Cash Surrender Value – Assignee Of Benefits (access required)

Where debtor purchased from his uncle an auto repair shop business, and as part of the transaction, debtor assigned to the uncle the benefits of a life insurance policy, the uncle is entitled to relief from the automatic stay in order to pursue his state court remedies to obtain the cash surrender value of the ...