If I am being sued because I was involved in an auto accident but only had limited liability insurance only, how can I protect my family and home if I’m found at fault?
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If I am being sued because I was involved in an auto accident but only had limited liability insurance only, how can I protect my family and home if I’m found at fault?
Could I file for bankruptcy? If so, when would I need to file?
Asked on January 7, 2014 under Personal Injury, California
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
When there is a (court) judgment against you that you cannot afford to pay, that would be the appropriate time to file for bankruptcy. At this point, you don't know the amount of the judgment and therefore it would be premature to file for bankruptcy.
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