- 11 U.S.C.
Kaler v. Bala (In re Racing Servs.)
Feb
27
2014
Ruling
Liquidation proceeds of a cash-value life insurance policy purchased by debtor for an employee were not property of the estate absent surrender of proceeds by employee.
Issue(s)
Was the bankruptcy estate of former employee's employer entitled to the liquidation proceeds of a cash-value life insurance policy the employer purchased for the employee where the terms of an agreement between the parties granted the employer only the limited right to receive a repayment of policy premiums from the cash value upon surrender of the policy?
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Court
:
Judge or Jurisdiction information not available