What affect does bankruptcy have on insurance policies?
If you file a bankruptcy and you have an insurance policy then it will get half. Because my brother when declared bankruptcy his policies were half of the amount. To know more in detail. You can contact with my brother bankruptcy lawyer. He is having good knowledge about the bankruptcy cases.
Financial crisis has become a major concern in the society. This situation poses a risk among people who are paying insurances. Such consumers have no choice but to file bankruptcy. One crucial issue is the effect of bankruptcy in auto insurance rates.
MORE INFO: I am writing on behalf of my parents, by father has been declared bankrupt and is dealing. My mother has 2 insurance policies in her name, with my father named on them and the bankruptcy court is saying that they are entitled to half of each policy. My mother is very worried as these … • I would like to go bankrupt but I can’t afford it. I owe 150,000 Bankruptcy may well be a real option given the level of debt involved however it would be worth chatting with a Myvesta Advisor to discuss all of the options. If raising the money to pay for the bankruptcy fees is a problem the advisors will be able to discuss options here also.
