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Bankruptcy

: The BK Blawg

Can I Discharge Auto Accident Damage Claim that Exceeds My Insurance Coverage?

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I am being sued for an accident that occurred in the state of Tennessee. ??The injured party was offered a settlement by my insurance company, but has refused. ??If this goes to trial and the injured party is awarded way more than my insurance limits I know that I am responsible for the difference. ??I have no assets and nothing to offer so I know they will probably garnish my wages. ??Can I declare bankruptcy to get out from under what may a huge debt? ??The injured party is suing me for $1.5 m read more

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Full post as published by The BK Blawg on September 24, 2008 (boomark / email).

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