If I am sued, wouldn't it make sense to simply file bankruptcy rather than defend against the claim?

Bankruptcy may be your best option if you are convinced you can’t win and can’t settle, or if you have few assets to lose in bankruptcy.

The mere threat of bankruptcy may be enough to encourage litigants to settle favorably.

Never file bankruptcy without first making every effort to resolve a case without bankruptcy. Bankruptcy should be your last resort, not your first.

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