INSURANCE BANKRUPTCY ATTORNEY

Bankruptcy Counsel for Insurance Companies and Claims Professionals

When an insured files for bankruptcy, an insurance claims and defenses can quickly become a bankruptcy issues.

The bankruptcy filing may affect how the claim is investigated, defended, litigated, settled, or paid. The automatic stay may restrict actions involving the debtor and the right to use insurance proceeds. Insurance policies and proceeds become relevant to the reorganization or liquidation of the debtor. Coverage disputes may arise based on purported alteration of modification of rights and responsibilities of the insured due to the bankruptcy.

Perry, PLLC represents insurance companies and advises claims professionals on the intersection of insurance coverage and bankruptcy law.

The firm focuses on bankruptcy issues affecting insurers, including the automatic stay, insurance coverage disputes, bankruptcy claims, insurance policies and proceeds, Chapter 7 and Chapter 11 proceedings, mass tort bankruptcies, and bankruptcy litigation.

With experience representing insurers in complex and mass-tort bankruptcy matters nationwide, Perry, PLLC provides practical bankruptcy counsel designed around the needs of insurance companies.

  • An insurance policy can become an important asset or contractual right in a bankruptcy case. The treatment of a policy may depend on the type of policy, the rights provided under the policy, the parties asserting an interest, and the circumstances of the bankruptcy case.

  • The automatic stay generally restricts certain actions against the debtor and property of the bankruptcy estate. Rights in insurance proceeds may constitute property of a bankruptcy estate. Additionally, claims against an insured may be stayed by virtue of the petition.

  • Mass-tort bankruptcy cases can present particularly complicated insurance issues. Large Chapter 11 cases may involve thousands of underlying claims, multiple insurance policies, historical coverage periods, defense obligations, settlements, and competing claims to insurance proceeds.