I'm considering filing chapter 7 BK because I have over 40k in debt. But I don't know if I should wait to file until after my insurance claim is resolved or if I should file before it's resolved. Some friends have told me that filing beforehand will protect the money I get from the insurance company.
After my house suffered major storm damage, my home insurance company tried to cheap out and they offered me less than what I needed to cover my losses. So I hired a licensed public insurance adjuster that was recommended by a friend, and this adjuster has been helping me and guiding me through the claims process. She says I will probably be given anywhere from 15k - 30k. The process should take no longer than 3 more months.
What would happen if I were to file chapter 7 before versus after?