Basically there are two categories in the personal injury related damages caused.
• Compensatory damages,
• And the Punitive damages.
It is the personal injury lawyer that you seek for assistance regarding the case, who can actually explain you the category to which your case will fall under. It will be judged based upon the garnished wages, economic damages caused, disfigurement, lost earnings and so on.
It is customary that the attorneys will file claims in such a way that the money asked for will be more than the actual worth of the damages caused. It is to ensure that the later negotiations and bargains will bring back the amount to a reasonable acceptable figure. You can get best explanation pertaining to your case category from the lawyers as they will file it either under the punitive or the compensation, accordingly. A short primer can give you clarity though.
Anything that is related to embarrassment caused to the destroyed properties in case of a mishap will come under the compensation. Punitive damages are actually judged by the court to punish the individual for their negligence. When the attorney can prove any malicious intent behind the negligence or a deliberate set up, then it can be taken to the next higher levels of punishment of the intense kind too. Compensation will be higher in such cases. Even simple reckless flouting of the law can cause contempt of the court severely at times. It is your attorneys responsibility to protect your interests and obtain the highest award, your attorney plays a significant role when this occurs.
To see the actual amount of money to hit your bank account, it might take a good while even after winning the case in your favor. Fighting again for your basic rights in the appellate court becomes essential at times. It can be settled in installments too, at times.
Structured settlement is what that can be coming to you which might take even years too. It may be cases that do involve the corporation or the lawsuits that are revolving around the multiple plaintiffs as well as defendants. You can see money regularly ever year as settlement but not a lump sum amount one time.
Money will be awarded despite the fact that you are partly responsible for the accident because of your partial negligence. A good example for this will be a motor cycle accident. Here both the drivers are partly responsible for the mishap. Yet, you can be able to get the complete percentage of damages in one such case. Similarly, you and your insurance provider will be shelling out some or other kind of settlements to the opposite driver too. To get a ball park figure you need to talk to the best personal injury lawyer that is well experience in dealing with such cases. You will be given a clear picture in that way, on what is to be expected at the maximum out of the case and when can the money reach the bank account of yours.
For the duration of the case you could face severe financial hardships and you might even considered requesting your lawyer to settle quickly for a far less cash award than you are rightfully entitled. This is where a lawsuit cash advance can greatly help. And remember we take the risks as this is a not a lawsuit or legal loan, it is a non recourse lawsuit funding. Lawsuits loans must be paid back regardless of the outcome of your case, a legal loan requires credit and employment background checks. Lawsuit loans or a legal loan might require monthly payments even before your case has concluded. But what we offer is a pre settlement cash advance where there are no upfront fees, and if your case does not settle successfully, you owe use nothing. You only pay us back when you case settles successfully.
About the author
James Sheridan is the Contracts Manager at Pegasus Legal Funding LLC and is responsible for the final stage of the funding approval process. James focus and priority is delivering to PLF’s clients the funds they need as quickly as possible