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They become part of the claim process. It is possible for the BK court to take jurisdiciton of the case, although that is infrequnently done. The BK establishes reserves for anticipated payouts regularly, even for claims yet to be made (as in contingent liability from products). Insurance may be bought by the BK estate to handle them in the future.
Wiki User
∙ 15y ago
Wiki User
∙ 14y agoIt normally takes it's natural course...but if that court process is really a problem, the Bankruptcy Court can take jurisdiction (obviously they don't like to for political and other reasons). If you win, where you stand on getting paid really depends on other factors, including the reason for the case itself and how much and kind of debt verses assets, etc.
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