Essay
Bobby's 341 Meeting of Creditors for his Chapter 7 bankruptcy is scheduled for the end of this month. However, ten days ago, Bobby received the proceeds as the beneficiary of a life insurance policy. His uncle, who he hadn't spoken to in years, died unexpectedly. Bobby didn't even know about the life insurance policy until he was called by the agent that sold his uncle the policy. Can Bobby now wipe out all his debt with the bankruptcy and keep the funds?
Correct Answer:
Verified
Correct Answer:
Verified
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