Question do you have to cancel health insurance?

[adaughter]

I read somewhere that you might have to cancel health insurance before filing for bankruptcy is this true?-also will bankruptcy higher life insurance/health/car insurance monthly premiums?

[fltoo]

Absolutely not. Keep the parents health policy especially as they get older.

As far as higher premiums, I have seen it go both ways, some higher, some not affected at all.

[Footprints1973]

I don't see why you would have to cancel your health insurance...is it private insurance (not through an employer)? Maybe if it is a private policy where you cannot afford to pay the premiums, and they can't lower them....but otherwise I think that it would be a bad idea to cancel any medical insurance. After all, without it, you could end up with even more debt.

As far as car insurance, I haven't heard anything about our premimums being raised due to our bankruptcy. It probably depends on the particular company, though.

Footprints

[AngelinaCat]

Absolutely do NOT cancel the health insurance. Part of our debt is old medical bills from when we had no insurance.

[epiphany]

No. Your health insurance is an allowable expense on your schedules.

BK has not increased my health insurance (though that is through my employer but I do pay some of it) nor my car insurance. I do not believe that is legal (to raise insurance premiums due to BK) in California but have never actually verified that.


Good luck,

ep

[JRScott]

Health Care as they say above is an allowed expense