Everyone knows that if a company files bankruptcy, they get out of many debts. Personal innjury due to defective car manufacturing is such a debt. If there is not enough cash or assets to pay off all debt, then injured victims are the last to get paid.
Unfortunately, this seems backwards. Companies that are owed money get paid first, as long as they have a lien or secured interest. the government gets paid and even the workers get paid. After the dust settles, the victims, through no negligence of their own, get left holding the bag. when the injuries are serious by the way, there is rarely enough insurance and so the public pays for the victim’ medical and health care for the rest of their life.
You can change this, at least with the GM non-sense. Gm will not assume liability for already pending claims, unless you voice an opinion. Please contact your congressional members and urge that they sign to Jeremy Warrimer Consumer Protection Act. The bill makes automakers retain their insurance for liability claims for any defective products made by them. Call or write today!