Does anyone have any knowledge they can share please? My aunt has recently passed away, she was previously bankrupt but discharged in 2013. The Insolvency Service acted as trustee and they applied for and were granted release from trusteeship in 2016. My aunt had a number of small life insurance policies, all taken out prior to her bankruptcy: I have no idea if she bought back the interest in the polices from the trustee and am waiting to hear back from the insurers about this.
My dad is next of kin and was hoping to use the money from the polices for the funeral costs however I think that if my aunt did not buy back the interest in the policies then her creditors have first claim on the money. I'm encouraging my dad to speak to a solicitor for help/ advice but until then, are any of you wise MNetters able to throw any light on the situation please?
Many thanks.