0
Can you keep an insurance payment check if you have put the outstanding bill on your bankruptcy already?
Wiki User
∙ 18y ago
Take it off your bankrupcy papers and pay the bill, at least the portion that the Insurance gave you. Check with your bankruptcy attorney, insurance agent or doctors office. Generally checks are sent direct to the doctor.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
Can you cancel your insurance if your car is in bankruptcy?
Absolutely not! If you are still using the vehicle, it must be insured. However, the insurance payment would not be covered by the bankruptcy.
Can you keep a payment from your insurance company if you already put that bill on your bankruptcy or is this illegal?
In most cases the insurance reimbursement will have to be turned over to the BK trustee and included as non-exempt income. The best option is to contact the trustee for instructions on how to handle the situation and to be completely honest about the issue.
After Bankruptcy discharge you were named as a beneficiary to a life insurance annuity but you deferred payment for 5 years Do you have to tell the trustee about this?
yes
Will bankruptcy payment be lowered when house payment is out of default?
Yes. in support with your bankruptcy lawyers experts.
Can a company that files bankruptcy stop payment on checks issued before the bankruptcy?
Obviously they can issue a stop on checks in normal course of business. But, any check outstanding at filing....WILL NOT BE HONORED...the court immeadiately stops and holds the banking accounts of the filing company...those assets are part of the bankruptcy...as is any uncashed check. The no payment order isn't from the Company...it is part of the operation of law.
Difference between outstanding expenses and unexpired expenses?
Outstanding expnese is that expense which is already incurred but amount is not paid while unexpired expenses are those expenses for which payment is made in advance but actually expenses are not yet incurred.
Are longterm care health insurance policies assets that can be seized in a bankruptcy?
No...they have no liquadation value. Actually, it's not an asset...but rather an expense or liability (for the amount of the contract payment).
Can you keep your house if bankruptcy is dismissed for non-payment?
That decision is made by the lender not the bankruptcy court.
If your insurance gets cancelled for non-payment can you get insurance with another company or do you need to pay the outstanding balance first?
Is there really an outstanding balance? Did the company give you insurance beyond any grace period for some sort of promise-to-pay? If not, there should be nothing owed to the old company, and you could probably get re-instated with them. A new company will cover you as soon as you pay their first premium.
Will a bankruptcy affect your auto insurance rates?
I don't actually work for an insurance company, but I do know that credit can affect your rates (bad credit = worse rates). Insurance, after all, bases its life on risk: the riskier they think you are as a client, the higher your rates. Credit is the same way, so it only makes sense that a bankruptcy would increase your auto insurance rates. Yes, bankruptcy will affect your insurance rates. I have Erie insurance and my rates did go up quite a bit. My home insurance more than my auto insurance. I had only filed one claim on my home insurance in 27 years and never late in payment and yet my rated jumped almost $200. I was told this was because of the bankruptcy. I recommend you this site where you can compare quotes from different companies: insureinfo.us
What are payment options for mercy insurance?
"There are a variety of payment options available for Mercy Insurance.
Can you file bankruptcy on an automobile and keep it in Illinois?
Yes, as long as you continue to have full coverage car insurance and make your monthly car payment on time, and your equity does not exceed the Illinois exemptions.
