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An injury settlement is when a person pays another person money because they caused injury to them. This is done to avoid a long, drawn out trial in the court system where the judge will decide how much money will be given.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoThis is an amount awarded to you as payment for an injury received. It can be either a one-time payment or in the form of a trust which pays a monthly amount for some predetermined time.
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When does an injury settlement need to be filed?
An injury settlement needs to filed in order for you to get compensation for any wrongful injury that took place in another one's hands. You can ask you lawyer for more information.
When is an injury settlement final?
"An injury settlement is final when a judge has made a decision about hearing both sides of the story, from both the plaintiff and the defendant. Then it will be finalized."
Acl and mcl knee surgery settlement value?
The amount of a knee injury settlement will vary greatly depending on how the injury happened and where you were at. If this happened at work, you could exceed a settlement amount of 200,000 dollars.
Do you pay taxes on auto insurance settlement for bodily injury?
No. This type of settlement is not generally taxable.
What is the average settlement for ulnar nerve injury?
500,000
What is a Structured Settlement Annuity?
Structure settlement annuities are a type of annuity a defendant purchases in a personal injury law suit to pay the injury victim. The payments are free from tax.
What is the average settlement for whiplash injury in the state of Texas?
15,000
What is average settlement for an eye injury in pa?
ur mama
Do you get settlement from a car accident injury if you have medical coverage?
yes
What is the average workers comp elbow injury settlement?
150,000
Do you have to pay back after a settlement?
Pay back whom? If you receive a settlement for an injury and you have medical bills you have to pay those bills related to the injury and it is a good idea to put any remaining funds leftover into a special account in case you get future bills for that injury. Many people go and buy a house or a car with the settlement money and then later on when they need the money to pay for injury care the money is gone and they are in real trouble. Medical insurance carriers will not pay for injury care when you have received a settlement to pay for that injury care. So be wise.
What are the advantages of taking a personal injury settlement?
There are a few advantages to taking a personal injury settlement. The biggest advantage to take a settlement is avoiding lengthy court proceedings. It also guarantees a payment award and gets money to the victim faster.
