The insurance companies came after us claiming my friend was at fault because they think he was speeding. One for 5k one for 14k. . I settled with the 5k claim for 2600 and no admission of fault. I need advice in settling with the 15k. I desperately want to do the right thing but I am close to broke. They say they will probably take a lump sum and go after my friend for the rest. Can I threaten bankruptcy or would a judge not allow this due to my friends lack of insurance? Fault has not been proven and the only contributing factor on the accident report was the pedestrians walking with traffic on an unlit road. So what is the lowest reasonable offer I can make? I would have to get a loan. My friend unlike me makes enough to be garnished so I hope they will settle with me for less. Advice?The payment to the first insurance company was around 8months ago so I don't think it would affect bankruptcy. I have no desire to even let this make it to court I just want to determine how strong my barganing positions is. I make less than 10k a year so I hope they will setlle for signifgantly less.And go after my friend for the rest.
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