
Quoting
undercrash
My question involves bankruptcy in the state of: California
was in a small airplane crash (cessna 172). i was the owner and pilot of the cessna. my passenger (also a pilot, but didnt wear his shoulder belt) was injured now suing my insurance company.
insurance max coverage for each passenger is $100k. his attorney demanded $1million.
I currently earn $79k/annually can i file bankruptcy? i pay rent in an apartment, no property ownership other than a car. expenses are $150k in student loans and taxes owed.
if the judgement is against me, there's no way i can pay $1mil.
can i file bankruptcy, do i have to sell my car, give my life savings over? i was saving for a home.