Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Does filing bankruptcy protect from at fault property damage in an auto accident? - I was recently found at fault in an automotive accident, the damages assessed were $25,000 to the other vehicle and my property damage limits on my automotive insurance were $10,000. The insurance company said I will probably be sued if I cannot pay the damages up front, my wife and I are already on a debt management plan for consumer debt at around $10,000,and now we are out a car too as ours was a total loss.