BANKRUPTCY INSURANCE SOLUTIONS


OVERVIEW

Nearly 60% of all proposed Chapter 13 Plans fail. After extensive interviews with Chapter 13 Trustees, bankruptcy Judges, and debtor attorneys, Bankruptcy Insurance Solutions was created to insure that debtors get the discharge they expect; trustees keep more plans current; and creditors receive the dividends confirmed in the Plan. This innovative product protects monthly plan payments from default due to involuntary unemployment, disability, or illness.


POLICY HIGHLIGHTS

  • Premium included in plan payment
  • Claims Payments sent directly to Trustee
  • Claims handled by Bankruptcy Insurance Solutions
  • Benefits begin 30 days after loss, retroactive to day one


HOW IT WORKS

  • Simple enrollment process
  • Assures continued plan payments in the event of a covered loss
  • Covers Monthly Plan payments up to $1000 per debtor
  • Pays benefits in event of involuntary unemployment (including labor strikes)
  • Pays benefits in event of disability or illness


SEE HOW YOU CAN PROTECT YOUR CLIENTS' DISCHARGE AND YOUR FEES


"Bankruptcy Insurance Solutions (BIS) offers an excellent benefit to debtors who face unemployment or disability by preventing their Chapter 13 case from being dismissed."

Mary Beth Ausbrooks
Rothschild & Ausbrooks, P.L.L.C.