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Bankruptcy – Pre-petition Assignment – House Fire – Insurance Proceeds – Building Contractor (access required)

Belfor USA Group, Inc. v. Helms After fire destroyed the debtors’ home, the husband alone signed an agreement to assign the couple’s homeowners’ insurance proceeds to the plaintiff-contractor. However, both debtors signed the construction contract. The bankruptcy trustee cannot avoid the assignment of the debtor-wife’s half of the insurance proceeds.


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