QUESTION
How likely will I be sued for the remaining balance if I do not have any assets?
Asked on Jun 06th, 2017 on Personal Injury - California
More details to this question:
I received a letter from my insurance company today that said that I was at fault and the settlement will exceed policy limits. It also stated I can obtain an attorney to protect my interest above those limits.
2 ANSWERS
Likely not as long as you contact your insurance carrier and the plaintiff's attorney. If they are giving you a free attorney, contact that person first and they will tell you what to do. You can always declare bankruptcy if you have nothing.
Answered on Aug 24th, 2017 at 8:29 PM
Edwin K. Niles
Highly unlikely, unless the injuries are severe, in which case they may ask you to contribute something toward a settlement. Most plaintiffs' lawyers will just accept the "policy limit".
Answered on Aug 24th, 2017 at 6:08 PM