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car accident bankrupcty?

i bumped a person in a car i owe icbc 400,000$ i cant ever pay, they say my dad can pay but then i owe my dad forever which means i am goin to be broke forever i dont know what im suppose to do in this situation someone suggested bankruptcy but im not sure of the consequences long term i dont know what to do

Posted from: British Columbia

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One Response to “car accident bankrupcty?”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

This is a difficult situation. The biggest problem is the debt can be erased by filing a bankruptcy, but I have heard rumblings that the provincial department of motor vehicles will withhold your drivers license. This is something you should contact a local trustee (i.e. a trustee who operates out of BC) as they would be more familiar with the way ICBC debts are currently being treated.