If you have been injured in an accident and are looking to collect compensation for your losses, you might wonder whether you will have to pay personal income tax on your settlement. Fortunately, the answer is typically ‘no’ since the personal income tax law exempts compensation for personal or material damages suffered. According to federal [...]
When you go to a personal injury lawyer for legal help, there are some important things you probably will not hear about. Some of the most important things your attorney may not tell you involve fees and your potential settlement. Some of this important information includes the following: Advocate fees may be subject to negotiation. [...]
If you have been injured in an accident, you likely have medical bills piling up. When you are pursuing compensation from the at-fault party or his or her insurance, you may be uncertain how to pay those medical bills. Even after the settlement, payment can be confusing. Not all bills will need to be paid [...]
Snow, ice, and roadways are a dangerous combination. Add in reckless drivers, and you have the perfect recipe for vehicle accidents. The danger does not end with that first collision, though. After a winter weather accident, additional dangers include the wait in the cold for help and additional collisions caused by road conditions and low [...]
If you have filed a personal injury lawsuit to help you cover the expenses related to your accident, you are probably anxiously anticipating the payment to make it possible for you to pay your bills. You filed your suit within the time limit of two years, so you are probably hoping that the courts will [...]
When you have been injured due to someone else’s negligence and have filed a personal injury suit to help cover your costs, the wait for a settlement can be excruciating. One option for easing the financial burden is pre-settlement financing. This can give you immediate funds to pay pressing bills while you wait on your [...]
If you are pursuing compensation for your injuries after a car accident, you are no doubt looking forward to the settlement so that you can pay your bills and get your life back on track. However, you may also be concerned about whether or not you will need to pay taxes on your settlement payment. [...]
Personal injury financing is, in essence, an advance on your future settlement. You are working toward a settlement in your case to help you pay your bills, but more expenses are mounting in the meantime. Personal injury financing offers you a way to get some of your future settlement up front, keeping your bills paid [...]
Statistics show that some 95% of car accidents are due to driver error, and consequently, liability is an issue that comes up in nearly every car crash. If you were not the one to blame for your accident, then who was? Unfortunately, when it comes to liability, it is not always a singularly defined issue. [...]
