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Submitted 337 days ago...

sunshine

New User (1)

Being sued for personal injury at a rental property I own.

God forbid I do not win the case or a settlement can not be reached. Once judgement awarded to planitiff. If I file bankrutcy will that take care of the judgement?

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Submitted 337 days ago...

Jodi-Mesa

Brain (2,795)

It depends. According to the new bankruptcy law, people with higher incomes cannot file chapter 7 (liquidation), and have to file chapter 13 (repayment) instead which mean you do have to pay a portion of the debt.

In order to file chapter 7, you must make less money than the average income for the size of your household. Do you have homeowners insurance on your house? That should cover you for an injury that occurred there.

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