Guard Dunham: [after breaking off a long run, storms up to Megget] That's how a white man runs the football! Earl Megget: Man, you lucky I ain't on defense. I'd crack you in that egg-ass head of yours! Guard Dunham: Yeah, but you ain't on defense.
COBRA coverage must be allowed by group insurers covering 20 or more employees. The coverage is available if you are voluntarily or involuntarily terminated for any reason other than gross misconduct. It can also apply if you face a substantial loss of hours.
Answer: COBRA coverage is a continuation of the same group coverage you had when you were working. Since the company went out of business, there is no group policy, therefore you cannot have COBRA coverage. You should look into obtaining individual health insurance.