What Happens To Health Insurance After Filing For Chapter 11 Bankruptcy?
What happens to health insurance after filing for Chapter 11 bankruptcy? 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 he...