My question involves an injury that occurred in the state of: Alaska
I was involved in an auto accident in mid 2009 and just before the 2 year liability gap could expire I was served a complaint.
the defendant is asking for $100,000 and I'm only covered to $50,000. I've been appointed a lawyer through my SFarm. I'm no where near the worth of $100,000, only asset owned is various unextravogant household goods, 1% owner of undivided land in which my percentage is worth $25,000 at max, and a $450 vehicle. I'm also already $25,000 dollars in debit from past credit cards and student loans.
From what I understand, the way this could go is my lawyer should be trying to get them to agree to just take the $50g in which case they'd have to sign something saying they won't persue me further for damages. Or they can decide to not take the guaranteed $50,000 and come after me personally for the full $100,000. Which hopefully wouldn't happen after I show them on paper what I'm worth.
My main question here is, if they come after me for the full $100,000 and I'm ruled against for that full amount. Would I be able to declare bankruptcy and be safe from having to pay?