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In the current economic climate, companies are challenged to maintain profitability. For many, however, bankruptcy is the only viable option for protection from creditors and eventually returning the company to health. While bankruptcy presents a host of legal challenges, sometimes overlooked is the issue of insurance.
Insurance Issues Related to Bankruptcy discusses insurance-related issues for companies in or on the threshold of bankruptcy. It discusses risk transfer and management issues in the context of bankruptcy — particularly the effect a company's financial health will have on its relationship with insurance carriers. It also provides an overview of the bankruptcy process under Chapters 7 and 11 of the U.S. Code.
With ever-changing statutes and regulations, and the steady stream of court opinions, state and federal laws that affect bankruptcy are constantly evolving. Legal counsel should be consulted for updated and current information on the material contained within the white paper before taking action.
Read Insurance Issues Related to Bankruptcy in its entirety.
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