How can I protect my assets following a car accident I am blamed for?

I recently was in an accident. I know for a fact that accident was not my fault.
However witnesses and police report say the opposite.

Asked on September 11, 2017 under Accident Law, California

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

If the case is settled with your insurance carrier, that will end the matter.
If the case is NOT settled with your insurance carrier and you are sued resulting in a monetary judgment against you that you cannot afford to pay, you can file bankruptcy.  Chapter 7 bankruptcy is straight liquidation which will eliminate the debt (court judgment against you).


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