🚀 go-pugleaf

In article <2r01lq$i24@mojo.eng.umd.edu>,
Matthew T. Russotto <russotto@eng.umd.edu> wrote:


[ long tedious discussion on wether certain insurance tricks lead
to the vehicle coverage being null and void,  and wha tthe end results
might be ]

>}being sued in the first place are probably very small.  The scheme about
>}emptying your bank accounts is a joke (read the papers about how the RTC
>}has recovered billions from savings and loan officers who tried to do it),
>}and there's a neat thing judges can order called garnishing every paycheck
>}for the rest of your life.
>
>Obviously, part of rendering myself judgement-proof involves quitting
>my job.  A multi-million dollar judgement-- INSURANCE OR NO
>INSURANCE-- means either poverty or slavery or both.


Words of wisdom spoken by a man who does not understand our legal system.

The proper response to a multi-million dollar law suit is to file for
chapter 13 or chapter 9? personal bankruptcy.

Federal bankruptcy statutes will allow you to protect your major assets,
such as home, work tools,  etc,etc,,,,  a certain percent of the debt
will be taken as valid and a payment schedule worked out but
our fore-fathers in an act of wisdom and social fore-thought decided
that debtors prisons were an anethema and created these statutes
to prevent this.

While somewhere between 5-15% of your pay may end up being garnished
for this debt for say a 7 year period,  as your percentage of the
court settlement,  that's a minor point compared to poverty or
enslavement.

it is the presence of strong bankruptcy statutes that have caused
PI lawyers to hunt for the deep pockets in litigation.

don't sue the bozo,  he'll just burn you in bankruptcy, sue the
car maker, sue the state, sue the guy driving next door.

pat


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