My question involves an injury that occurred in the state of: Maryland

I have a close friend that was at fault for an accident with a motorcycle. They are being sued for several hundred thousand dollars due to the injuries of the motorcycle driver and they only have a $50K policy. They don't have assets near the value of the lawsuit. Will bankruptcy protect them or could they have future wages garnished? The insurance company is not telling them much just saying they want to gather more facts and that these things take time. Should my friend look at getting their own lawyer since the insurance company will almost certainly pay out the full policy so the insurance company may not care if the settlement is $100K or $5million their liability will be the same?