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Home / Courts / U.S. Bankruptcy Court / Bankruptcy – Term Life Insurance – Estate Property – Attempted Beneficiary Change (access required)

Bankruptcy – Term Life Insurance – Estate Property – Attempted Beneficiary Change (access required)

Wallace v. Crawford (In re Meyers) James Meyers owned a term policy insuring his life when he filed his bankruptcy petition; on that date, the policy became the property of the bankruptcy estate. Mr. Meyers’ later attempt to change the policy’s beneficiary from his grandmother to the plaintiff-creditor was a nullity.

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