Bankruptcy courts are sometimes referred to as the wild west. Rather than using the advantages of the open range, remote countryside and badlands for hideouts, filers use complex bankruptcy statutes and inconsistent case law to protect themselves from paying their debts and turn contracts on their head. Unfortunately for insurers in this landscape, insurance proceeds become even more attractive when the claimant, either the insured or a third party claimant, is bankrupt. Insurers can become enmeshed in disputes among creditors and pay significant defense costs and claims.