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 Forum Questions
 Would my payment towards a life insurance policy be affected if I declared bankruptcy ?
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Nia71
Starting Member



1 Posts

Posted - 18 November 2012 :  16:13:28  Show Profile  Visit Nia71's Homepage  Reply with Quote
i pay towards a life insurance policy. Would that be affected if i declared bankruptcy?

Niobe
Administrator



United Kingdom
4590 Posts

Posted - 18 November 2012 :  17:18:02  Show Profile  Reply with Quote
Hi and welcome.

Not sure - hopefully one of the experts can help.
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Viki.W
forum expert



United Kingdom
2211 Posts

Posted - 19 November 2012 :  18:36:26  Show Profile  Reply with Quote
Hi Nia71,

Yes, it will be affected. If anything happened, the money would go to the OR. They will offer the interest they have in it back to you for £50. Also, the payment will not be an allowable expense if they assess you for a monthly payment.





Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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