Bankruptcy, Debt and life insurance? page 1

Bankruptcy, Debt and life insurance?

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  • Bankruptcy, Debt and life insurance?

    My parents both had a mortgage and other debts (credit cards, loans, etc) that tthey were paying for. When my mother died 2 years ago, my dad filed for bankruptcy because he couldn't afford making payments alone. However, he bought a 10 year term non-smoker life insurance about a year ago to protect me if he died. Now if he dies and I get paid the face amount, does that mean that I will be respons

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