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| Gary.g |
Posted - 30 March 2012 : 18:25:00
An insolvency service is acting as the trustee on the Estate of my deceased friend. How much claim do they have on insurance policies? The majority of the policy payments were paid by his partner. Would this also effect the claims of the trustee? Should the trustee only claim the value of the policy up to the point of bankruptcy? |
| 3 L A T E S T R E P L I E S (Newest First) |
| debtinfo |
Posted - 02 April 2012 : 18:26:12
well this likely to be complex and is much dependant on the EXACT circumstances of the case, which is a little difficult on here. But please have a read of the link below which t=is the INsolvency service guidance for pensions on bankruptcies before 2000
http://www.insolvencydirect.bis.gov.uk/freedomofinformation/technical/TechnicalManual/Ch61-72/Chapter61/Part3/Part3.htm |
| Gary.g |
Posted - 02 April 2012 : 14:11:50
quote:
Originally posted by debtinfo
sorry can you give some more details, what sort of policies, when they were taken out, whos name(s) were they in what will they pay out, when your fiend went bankrupt, when he died, if he bought back the interest, how much they will pay out, how much his total debts were
The policies are pension policies, which became lump sum payouts on the persons death in 2007.one policy was taken out in the seventies and i believe the premiums ceased in 1988. the other policy was taken out late eighties and premiums were paid by his Partner from her personal account upto the point of his death. Both policies in sole name of deceased, who was declared bankrupt 1993 and discharged 1996. he died at age 61. i do not believe interests were bought back. His debts- maybe one hundred & twenty thousand ? i have not been told the total value of policies, however i believe they may reach Thirty thousand.
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| debtinfo |
Posted - 31 March 2012 : 08:21:40
sorry can you give some more details, what sort of policies, when they were taken out, whos name(s) were they in what will they pay out, when your fiend went bankrupt, when he died, if he bought back the interest, how much they will pay out, how much his total debts were |
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