My question involves an injury that occurred in the state of: Ma
What is the statute of limitation of being sued?
And if the insurance company already decided and paid for a person car can I be sued still? <- past accident
Also generally how long does it take to be sued. I got in accident with my Mom's car and our family has a combined income of $150,000 and we own a house valued at $1.3 million. The car I crashed was a Audi Q7and I was cited, but only found 50% at fault and am fighting the traffic ticket. We don't own any boats or summer homes, etc and I am in college so are family is somewhat stretched financially when compared with the past.
Can they take our house and car? I am scarred? I bet the person I hit is going to sue me because they must think we are rich.
I don't car about my past rear end accident as the car and insurance policy was in my name and even though it was a BMW (repairable) I have $500 in my bank no joke. So I am not worth suing lol, but I am worried with our current accident as it was in my mom's name.
I also don't mean to sound spoiled I am worried and I told my parents to hire a law in case we get sued, but they said they get one when the times come (hence if we are sued). what should we do!