Is it possible to declare bankruptcy on auto insurance deductibles?
Posted on Mar 07, 2008 under Insurance Information |I was in an accident and I won't know who will be at fault until I get the police report. If it is me, can I add the insurance deductible to my bankruptcy? I can't reach my lawyer.
Thanks.
I mean for repairs to the other driver's car. When my insurance pays for the damages, can I put the deductible in my bankruptcy payments?
March 7th, 2008 at 8:15 am
If you were at fault, you will be responsible for the deductible if you want to get the car out of the repair shop because it will have a mechanics lien and possession of the car.
March 7th, 2008 at 8:15 am
if you were at fault and your company pays for the repairs to their car, you dont pay your deductible. your deductible only applies when fixing your own car through insurance
March 7th, 2008 at 8:15 am
no - and if you don't pay that to the repair place, you won't get your car back
March 7th, 2008 at 8:15 am
You don't pay deductible on damages to the other party's car - only your own if you even carry collision coverage.
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