Q: My wife was at fault in a vehicular accident several months ago. The vehicle is under both our names. The other driver is now claiming injury. The insurance company informed me that our personal assets might be at stake because the claim is much more than the amount our policy covers. My wife and I have separate bank accounts. Can I be sued for assets in my name or is it my wife who is liable?
A:
It's difficult to give you a firm answer without sitting down to talk and know more. You ask about you being sued, not your wife. It sounds like your wife is already being sued or may be sued. I'll assume she was the driver of a car with both your names on the title. If you are the owner of the car she was driving at the time of the collision and she was negligent (at fault) and did something with the car to cause other's injury or damage then yes you can be sued. Go talk with a bankruptcy lawyer if you're really concerned.