Learn how bankruptcy affects car accidents | Daytona Personal Injury Attorney

The United States has laws that allow individuals and companies to file for bankruptcy if the person or entity is unable to pay its debts.  The persons or entitles who are owed the debts are creditors.   There are different types bankruptcy but basically the creditors line up and hope to get some portion of the assets that are left.  

So if a person causes a car accident and seriously injures another, can he or she file for bankruptcy?   The answer is yes.  It does not seem right but the law allows the at-fault driver in a car accident to file for bankrupcy.  What are the injured person's options?  There are numerous options but one that may be the most beneficial is to get relief from the automatic stay and proceed against the at faults insurance proceeds alone.   However, remember this option only works if there is a significant policy to adequately cover the injuries involved.   

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