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Beneficial financial inc files bankruptcy

beneficial financial inc files bankruptcy

Nov 04,  · A beneficiary’s interest in a trust may be property of the bankruptcy estate. However, any trust containing spendthrift provisions that make the beneficiary’s interest in the trust non-transferable are protected from the beneficiary’s creditors. 11 U.S.C. (c) honors state spendthrift clauses. Therefore, if the trust is properly created under Massachusetts law pertaining to trusts, the bankruptcy . Petition Chapter 11 Voluntary Petition Non-Individual. Fee Amount $ Filed by Beneficial Financial Services, LLC Verification of Master Mailing List of Creditors (LBR Form F) due 7/1/ Incomplete Filings due by 7/1/ (Fierro, Viridiana) (Entered: 06/17/). Palafax filed a bankruptcy petition which stayed proceedings. Defendant obtained relief from the stay and a written order renewing the judgment was filed on May 24, A second writ of execution was issued on August 2,

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