Hi, thanks for your question. You should hire a lawyer for specific legal advice. No attorney client relationship is created here.
Yes, as long as you didn't intentionally cause the accident, and there was no personal injury with a DUI/DWI then this type of debt is dischargeable in a bankruptcy case.
Once it gets this far, if you don't pay, they will garnish wages/freeze your bank account/put a lien on your home if you have one.
Ch7 Bankruptcy discharges the debt and gets you a fresh start in about 90 days to get you back on track again.
Let me know if you have any questions. thanks!
No, the accident wasn't intentional and i did not have a DUI or DWI. I was hoping you would give me more information on a different option other than bankruptcy, if there is one. Also, will i still be responsible for any of the debt if i did decide to file bankruptcy or will the full amount be discharged. Again bankruptcy is a last resort option for me so i would like to know if there is a better option. Thanks.
Well, it sounds like you have 4 choices. 1. pay as agreed. 2. enter into a debt settlement agreement with them, (if they agree to it) to pay a lump sum. The amount they forgive would be taxable as income to you. 3. Enter into a debt consolidation if you have other debts. 4. Bankruptcy.
They do not have to agree to take less, so you don't have many options. If you don't pay, they will garnish wages, freeze bank accounts etc etc.
Let me know if you have any other questions.
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