What is the name of your state? Arkansas
I just received a statement from a Whole Life Insurance Policy I have but had borrowed against and been paying back.. it has a Face Value Amount of 13,000 I borrowed 8000.00 against it. then it says a Total Cash Value is 10,140.00 but then it says Policy Face is 13,000. Minus Total Policy Debt/Loan comes up to a Cash Net Value of 1,921.00.
Filing Chapter 7, will they require the total 13,000 amount or the 1,921.00 amount?
I just received a statement from a Whole Life Insurance Policy I have but had borrowed against and been paying back.. it has a Face Value Amount of 13,000 I borrowed 8000.00 against it. then it says a Total Cash Value is 10,140.00 but then it says Policy Face is 13,000. Minus Total Policy Debt/Loan comes up to a Cash Net Value of 1,921.00.
Filing Chapter 7, will they require the total 13,000 amount or the 1,921.00 amount?