Umm..Yeah, I'm in the process of getting sued by the insurance company by the vehicle I hit while intoxicated and I just bought the car and didn't have insurance. Damages total about 10 grand.......
I'm in biiiiiig trouble.. Bankruptcy ??
dpkchrome@yahoo.com
2007-03-21 05:05:47 · 8 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
I run a company who represents insurance companies against uninsured parties. (The process is called Subrogation) Here is what I suggest you do, if you haven't already done so.
1. You say you had just bought the car. Was it a replacement for a car that you did have insurance on? If so, many companies would provide coverage for the new car as "a newly acquired vehicle" for 30 days after the purchase. Check that out.
2. Contact the lawyer for the insurance company and offer to set up an "monthly installment agreement." Actually going through the court process will add more expense for both you and the company so coming to an agreement before hand will save both parties time and money. For a debt of that amount they will likely want a monthly payment of at least $200.
3. Sell any assets you have available like a motorcycle, snowmobile, jet ski etc. Then make a "lump sum"offer to the attorney. They will at least consider any "lump sum" offer over 50%. I will not guarantee that they will accept that. Some of our client companies would take 50% now instead of waiting for 4+ years to get their money through monthly payments.
4. Lastly, sorry but the damages will not be discharged in bankruptcy. Bankruptcy law will not allow you to discharge ANY debt related to damages caused while you were DUI/DWI. So bankruptcy is not an option for you.
Good Luck
2007-03-21 14:07:27 · answer #1 · answered by fighting saints 6 · 1⤊ 0⤋
Find out if they are willing to work with you on a monthly payment plan. No one would be expected to have $10k laying around the house and they know this.
Absolutely stick to making the payments, and don't accept an amount higher than you can afford. By doing this, you will not have a judgement against you, not have a bankruptcy and also not have your driver's license suspended until you pay back the whole loan. I am sure some one at their company can work it out with you.
2007-03-21 05:47:05 · answer #2 · answered by londonmh 2 · 2⤊ 0⤋
I don't know anything about your finances, so if you can't afford to pay for the damages or a judgment rendered against you you can try to file bankruptcy. A lot of weasels do that, and then no judgment is entered against them and they don't lose their license, unless of course they did for the DUI, which hopefully happened in this case. Then again, given all the other responses that may not work in your favor either.
2007-03-22 11:14:07 · answer #3 · answered by Chris 5 · 0⤊ 1⤋
Since it was a DWI and (I assume your state has a mandatory insurance law) no insurance, these are both criminal acts. Consult a bankruptcy attorney, but generally, under the new bankruptcy laws, you cannot have anything resulting from a criminal act along with taxes dismissed under bankruptcy.
2007-03-21 05:33:47 · answer #4 · answered by Jody D 6 · 2⤊ 0⤋
No regulation says something with regard to the way and technique of having fired. It would not count if the stroll up and say you're fired or set in a room for 40 5 minutes. you have no longer any case to sue for. forget approximately it and circulate on.
2016-10-02 12:31:55 · answer #5 · answered by Anonymous · 0⤊ 0⤋
uh..try paying the debit you owe? There is no guarantee the bankruptcy judge will dismiss the claim anyway.
2007-03-21 05:12:20 · answer #6 · answered by wizjp 7 · 1⤊ 0⤋
Get a lawyer. If you can't pay it, people like you should have to go to jail until that debt is paid off.
My advice, quit drinking, see where it got you.
2007-03-21 05:13:57 · answer #7 · answered by George P 6 · 1⤊ 0⤋
Sucks to be you. Sorry, but I don't have much sympathy for people who drive drunk.
2007-03-21 05:10:52 · answer #8 · answered by dukefenton 7 · 3⤊ 0⤋