Re: Car Accident Lawsuit in Excess of Policy Limits
If you are sued for more than the $50k, your insurance company will pay up to the $50k policy limit. There will be a judgment against you for the remainder. Due to that, there really isn't any reason they shouldn't sue you for the greater amount.
Some debts are not dischargeable through BK. Without knowing more about the accident there is no way to answer whether it would be dischargeable in BK or not.
I am not an attorney and any advice is not to be construed as legal advice. You might even want to ignore my advice. Actually, there are plenty of real attorneys that you might want to ignore as well.