If the company went into liquidation (Ch-7), that means that all of its assets will be sold to pay its debts. The money will got to a receiver, who will then pay the claims against the company. There is a time limit to file a claim, and you should contact your state insurance department immediately for instructions on how to do this. Beware, you will get only pennys on the dollar, as the company would not be in liquidation if it had anywhere near enough assets to cover. Also, most states have liquidation bureau that is funding by all insurance companies in the state so that there is some money for people entitled to collect. Those funds are generally limited.
If the company filed CH 11, that means that you will probably be okay and the company will operate, for your purposes, normally. Under this circumstance, it will re-negotiate with its creditors and probably come out of bankruptcy relatively unscathed. This is what most airlines have done to continue operating. They are burdened by huge obligations from past contracts, they minimize those obligations and then are able to operate in a profitable manner.