Posts Tagged ‘insurance’

What recourse does a client have with an online stock brokerage should they go bankrupt?

What insurance is there that the assests they hold will not be stollen or sold should the company faulter and go bankrupt?


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If a life insurance company goes bankrupt, what happens to whole life insurance benefits?

My Dad purchased whole life insurance through AXA Equitable which is all paid for. What happens if the life insurance company goes bankrupt or their assets are under water like so many other financial institutions these days? Will the benefits still be payable?

I also think it’s strange that he had to pay 0 more to this insurance company as an "adjustment"(?) recently even though the policy was fully paid for a long time ago. Is this normal?


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If a company goes bankrupt, what happens to the retired?

My grandfather used to work for an auto-company, and is able to survive because of the retirement checks and insurance from that company. If the company he used to work for goes bankrupt, will he still get the retirement check and insurance? Are these funds separate from the company?


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If Social Security and Medicare is bankrupt, how can the Government legally demand people keep paying into it?

If an insurance company was bankrupt, their trading, buy/sell would be suspended; so how can the Government legally continue to charge/accept Social Security and Medicare withholding taxes from Americans? It is universally understood, the Government can’t pay up when the contract comes due for future retirees?


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What happens if you get sued and your bankrupt?

My family is bankrupt and were getting sued ALOT of money cuz my little brother hurt alot of people in a car accident (and he had no license or insurance). What happens if we just dont have the money?


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What happens to my chapter 13 bankrupcy if my car is totaled and its in the bk?

I am currently in a chapter 13 bankrupcy and my car is included. My car was totaled this week and now I want to know how this will affect my monthly bankrupcy payment and term. Payoff on the car is 17k and insurance is giving me 20k.


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In chapter 7 bankruptcy, what assets are liquidated?

What if you have a car you still have one more year to pay? What about an older car? Can we be denied auto insurance?
What do you mean by reaffirm the loan?


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How long does it take to collect insurance from a bankrupt company?

I was an employee for a company that went bankrupt a year ago. A few moths ago I was given the right to sue by the EEOC. Is there a chance that any insurance money is still left if I get relief from stay?


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