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Litigation

: Structured Settlements 4Real

Can Annuity Issuer Go Bankrupt?

By John Darer

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Someone "Binged" the above question of "insurer bankruptcy" into cyberspace earlier today.

It is a question I have addressed recently in a July 23, 2010 post wherein I stated that The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA") amended the bankruptcy code and  continued the long standing bar against insurance company bankruptcies

For more information on the subject please click the following link to the full post

Insurance Company "Bankruptcy": Insurers CANNOT File Chapter 7 or Chapter 11 (With Few Exceptions)

Full post as published by Structured Settlements 4Real on September 07, 2010 (boomark / email).

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