When people file for bankruptcy, they often worry about whether a bankruptcy court can take away the benefits of their insurance policy. In most cases, people filing for bankruptcy are allowed to continue their insurance policies.

These insurance policies are often not able to be used for debt obligations because they are based on contingencies outside of debt. However, if the insurance policy is meant to cover debts, then it could be used during a bankruptcy process to cover certain debt obligations. 

If you or anyone you know has questions about his or her bankruptcy filing, contact the Arizona personal bankruptcy lawyers of the Harmon Law Office at 480-829-0494.