Sentences with phrase «insurance after a bankruptcy»

Although it is possible to get life insurance after a bankruptcy, it isn't easy, so we don't recommended you go it alone.

Not exact matches

After the unseemly bankruptcy of the Espirito Santo Group and the associated bank, then Portugal's second biggest (likely a result of not praying enough, see: «Big Portuguese Bank Gets Into Trouble» and «Fears Over Banco Espirito Santo Escalate» for the gory details), Portugal's state - run deposit insurance fund basically ran out of money.

And as if life after bankruptcy isn't difficult enough, it is possible that the bankruptcy will even have an effect on an application for life insurance.

But the problem can occur after the bankruptcy, when your need for life insurance reasserts itself.

For this reason, if you want to keep property that is collateral for a secured debt, you will need to catch up on the payments and continue to make them during and after bankruptcy, keep any required insurance, and you may want to reaffirm the debt if you file a chapter 7.

The $ 235 million Lehman vehicle, though, lost 1.7 % in value in December because bond prices fell and the insurance backing, called a «wrap» in financial parlance, ended after Lehman's mid-September bankruptcy filing.

Since your credit rating takes a hit after you file for bankruptcy protection, unless you default on monthly payments to an automobile insurance company, there is really no basis for your insurance company to raise your premiums.

You can get a loan one year after discharge, if you have re-established credit and made your payments on time, and, «the bankruptcy was caused by circumstances beyond the control of the applicant or spouse such as unemployment, prolonged strikes, medical bills not covered by insurance, and so on, and the circumstances are verified.»

The Wage Earner Protection Program (WEPP) under the Bankruptcy and Insolvency Act provides guaranteed and timely payment of unpaid wages, vacation pay (on or after July 7, 2008), as well as unpaid severance and termination pay to eligible workers (on or after January 27, 2009) whose employers go bankrupt or are in receivership, up to an amount equalling four weeks maximum insurable earnings under the Employment Insurance (EI) Act (currently about $ 3,000).

Today, after 90 years of existence, De Grandpré Chait is a full - service firm offering legal services, which include real estate law, taxation, construction law, commercial litigation, business law, bankruptcy, insolvency and restructuring, municipal law, environmental law, banking law, insurance law, intellectual property law, labour and employment law and debt recovery.

For applicants that do not meet the above criteria, life insurance companies will want to wait typically until two years after the bankruptcy has been discharged to offer coverage.

Some insurance companies may allow you to purchase a life insurance policy after a 5 - 7 year waiting period from the date the bankruptcy occurred.

As a result, travel insurance plans limit coverage for bankruptcy to a financial default that occurs some days after your travel insurance purchase.

The travel insurance company does this to make sure travelers don't buy coverage after they know about the bankruptcy.

Picture this scenario: two days after someone decides to make your day by t - boning you in an intersection, your car insurance company files for bankruptcy.

This coverage is not likely to be included in your business insurance policy, so purchasing a business flood insurance policy may mean the difference between continuing your business operation after a flood or filing for bankruptcy.

As an example, a home insurance monthly premium can double after a bankruptcy or loss of employment.

After you have filed for bankruptcy, your personal possessions may be the only things you have left, and protecting them is what a renter's insurance policy is for.