I am being sued for personal injury in auto accident
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I am being sued for personal injury in auto accident
I am being sued for personal injury in auto accident and its
my fault and I had insurance with 50K limit and they asking
for 200K. My insurance is hired attorney, I am just worried
about limit of insurance liability. What will going to happen
now.
Asked on October 3, 2017 under Accident Law, Texas
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
If the lawsuit results in a court judgment against you that is more than your auto insurance policy limits, and is an amount that you can't afford to pay, you can file bankruptcy.
Chapter 7 bankruptcy is straight liquidation which will eliminate that debt.
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