Will my car insurance go up after I file Bancrupty?

[AngelinaCatHub]

It is possible that your Penney card could be affected. Once Suggestion of Bankruptcy is sent, many card companies automatically close the accounts. I doubt your car insurance would go up, but a lot of places ask this question as it shows a form of "responsibility". That being said, I believe with the gross amount of bk's happening in this economy, that will by a moot question to ask. 'Hub

[StartingOver08]

My insurance did not increase, in fact it was reduced a little because now I am driving a less expensive, older vehicle. I'm with State Farm. I don't know if it matters, but I have been with them for about 18 yrs. Ask your ins agent.

[ando]

thank you ,

yes you are right about credit cards , but I have this J.C Penny card that I use but pay the whole balance at the end of each month making small purchases. I wonder if it will be affected!!

As for car insurance , yes excellent driving record , but I think I remember they did ask if have I ever filed bankruptcy on the renewal application.

[AngelinaCatHub]

It would behoove you to keep your car insurance in force. However, your bankruptcy has nothing to do with your driving record.

About cards, they will be toast, and why would you wish to keep any? What got you here in the first place? Probably credit cards like all of us. 'Hub

[ando]

Just wondering what happens when my car insurance expires. Will it cost more if I elect to renew with same company and they find out that I filed bankruptcy?

Also what about Department store cards ? etc--