- 11 U.S.C.
Wallace v. Crawford (In re Meyers)
Nov
14
2012
Ruling
Life insurance proceeds were property of deceased debtor's spouse's bankruptcy estate.
Procedural posture
The purported beneficiary of a $2,000,000 term life insurance policy sought the proceeds thereof following the death of the named insured. The chapter 7 trustee for the bankruptcy estate of decedent's spouse argued that the chapter 7 estate was the proper beneficiary of the policy, because the right to name the beneficiary had belonged to decedent's prior chapter 7 estate.
ABI Membership is required to access the full summary of Wallace v. Crawford (In re Meyers) Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: