Can one file bankruptcy on a chargeback from an insurance carrier they wrote business for?

 
Can one file bankruptcy on a chargeback from an insurance carrier they wrote business for?


Can one file bankruptcy on a chargeback from an insurance carrier they wrote business for?
Profile photo for Tim Cella
Tim Cella
used to work at several law firms

This is a good question, and one I've never really given much thought to myself. I had never even heard of a chargeback before you asked about this situation. I did some research. Apparently, when you have a claim made on your insurance contract, instead of paying the money out to cover the cost of the claim, the insurance company pays it out to the insured; basically it's like getting paid twice for your claim.

Does that make sense?

The obvious answer is that you can file bankruptcy on anything you want, but then again there are a lot of things we can do that aren't necessarily good ideas. So should you do it?

I'm not sure about this one...it's probably best to consult with an attorney and go over all of the facts just to make sure there isn’t a problem.

This law firm does free bankruptcy consultations. Give them a call:

Ascent Law LLC

8833 South Redwood Road Ste C

West Jordan UT 84088

(801) 676-5506

chapter 7 lawyer
Ascent Law LLC 8833 S Redwood Rd Suite C, West Jordan, UT 84088 (801) 676-5506 https://www.google.com/maps/place/Ascent+Law+LLC/@40.5905813,-111.9367847,17z/data=!3m1!4b1!4m5!3m4!1s0x875288c711bb118b:0xc45de8cb0edee294!8m2!3d40.5905813!4d-111.9367847 H3R7+67 West Jordan, Utah 40.5905813,-111.9367847
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