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The fact that you don't have a lot of insurance doesn't mean you're not liable for damages. If you hit someone with $30k insurance in CA and the court awards t
by tsotha 11y ago
The fact that you don't have a lot of insurance doesn't mean you're not liable for damages. If you hit someone with $30k insurance in CA and the court awards them $1M, you still owe $970,000.
- maerF0x0 11y agoWould bankruptcy absolve you of that though? Or is it one of those long term things where they'll garnish your wages as much as they can? In Canada if you get in a bad accident w/o insurance the government fronts the money and then uses its power to garnish wages/make your life hell to collect as much as it can.
- tsotha 11y agoBankruptcy doesn't erase a court judgement, though it might make it easier if you stiff your other creditors. The state doesn't front the money, and the court will garnish your wages and any assets you may acquire until your dying day. And after, come to think of it.