It would be advisable to notify your homeowners insurance company of the child being injured on your property.You are liable for the child's medical bills and pain and suffering which is an amount in addition to the medical bills.These cases are usually settled with the insurance company without a lawsuit being filed. Don't worry about it.If the case is not settled with your insurance company and a lawsuit is filed, your insurance company will provide you with an attorney at no cost to you.If the lawsuit results in a judgment against you which you cannot afford to pay, the judgment can be enforced with a wage garnishment or lien on your property. Therefore, it would be advisable to file Chapter 7 bankruptcy if the case results in a judgment which you can't afford to pay. Chapter 7 bankruptcy will eliminate that debt.Again, don't worry about any of this because most likely the case will be settled with your insurance company without a lawsuit. In the event of a lawsuit and potential judgment against you, that won't occur for at least a couple of years.Don't worry about it.