Bankruptcy – Pre-petition Assignment – House Fire – Insurance Proceeds – Building Contractor
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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Published: February 21, 2012
Time posted: 12:16 pm
Tags: Bankruptcy, Building Contractor, House Fire, Insurance Proceeds, Pre-petition Assignment







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