Johnny_Red
Feb 24, 2009, 06:17 AM
We are about to reach a claim settlement with our insurer, AIG. As of today, AIG is reportedly about to file bankruptcy.
Will we collect this agreed settlement if: 1.) we agree and sign-off on a settlement and THEN AIG files before they actually pay? Or 2.) we delay signing off on this settlement until after AIG actually files for bankruptcy (if they ever do)?
Can we 'work around' the bankruptcy issue by a stipilation that any agreement is null & void if unpaid 'for any reason including bankruptcy' within xxx days after acceptance of settlement offer?
Will we collect this agreed settlement if: 1.) we agree and sign-off on a settlement and THEN AIG files before they actually pay? Or 2.) we delay signing off on this settlement until after AIG actually files for bankruptcy (if they ever do)?
Can we 'work around' the bankruptcy issue by a stipilation that any agreement is null & void if unpaid 'for any reason including bankruptcy' within xxx days after acceptance of settlement offer?