What Happens To Health Insurance After Filing For Chapter 11 Bankruptcy?

What happens to health insurance after filing for Chapter 11 bankruptcy?

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Min Austria
Assistant at Ascent Law LLC

If you're struggling with overwhelming debt and considering bankruptcy as an option, there are several things to be aware of when it comes to health insurance.

If you've heard otherwise, the simple answer is NO: Filing for Chapter 11 does not cancel your health insurance. However, there are a few things you should know about how your coverage will be affected. Before you can file for Chapter 11 bankruptcy, you must have health insurance. Health insurance is necessary to secure your rights to any medical care you may need, and it also secures your right to keep your job.

After you've filed for Chapter 11 bankruptcy, you still have the right to health insurance and the right to keep your job. If you lose your job because of a disability stemming from an accident or illness, then you will be able to collect on a disability policy that you purchased when you had health insurance. If there are no other jobs in your area that would fit your skill set, then there is a program called Trade Adjustment Assistance that is designed to help people in this exact situation.

If you have any questions or need a Chapter 11 Bankruptcy Lawyer, please call this law firm for a free consultation:

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

Utah Lawyer for Divorce Business Bankruptcy Probate Estates
Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
https://www.ascentlawfirm.com/

Location: St. George, UT, USA

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