This paper discusses insurance-related issues for companies in or on the threshold of bankruptcy. It provides an overview of the bankruptcy process to lay the basic foundation for that discussion and reviews specific issues for companies in bankruptcy. Particular attention is paid to the effect a company’s financial problems will have on the relationship with its insurers.

With ever changing statutes and regulations, and the steady stream of court opinions, state and federal laws that impact bankruptcy are constantly evolving.  Clients should consult legal counsel for updated and current information on the material contained within this white paper before taking any action.
The discussion within this paper is not provided so that readers can become experts on bankruptcy, but rather as a tool in evaluating risks and issues to be considered during such difficult periods. We confine our advice to risk transfer and risk management issues.