Let's set the scene. There is a car accident. It is not your fault, but the other driver either flees the scene or does not have insurance. An accident that should be fully covered by the at fault driver's insurance suddenly becomes yours to pay for. At a time when you should be worrying about getting better and repairs to your vehicle, you are arguing with insurance, hospitals, doctors, and collection agencies about medical bills. You want to file a Chapter 7 Bankruptcy or Chapter 13 Bankruptcy so you can focus on your health and vehicle, but you are afraid that the Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will take your eventual personal injury judgment or settlement.
Don't worry! Chapter 7 Bankruptcy and Chapter 13 Bankruptcy will protect most personal injury judgments or settlements from being lost to creditors. The facts of every case are different, and in every case, the amount that you can protect is different. However, for most people, they can keep up to $75,000 of any net personal injury judgement or settlement! This is net; that is to you after attorney fees and expenses. So, if a case settles for $100,000 and your personal injury attorney keeps $25,000 for fees and expenses, you will likely be able to keep your entire personal injury judgment or settlement!
If you receive over $75,000 and the Trustee intercepts some of your personal injury judgment or settlement, he will use it to pay off your bills, bills that you would have been required to pay off before receiving your personal injury judgment or settlement anyway. In fact, I have never had a client that would have received more for a personal injury claim if they had not filed bankruptcy.
If bills are mounting up because of an accident, contact Croke & Croke, S.C. today. Let our knowledgable attorneys protect your future personal injury judgment or settlement.