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Can you receive a class action compenstation settlement for pain and suffering when declaring bankruptcy?
Wiki User
∙ 10y ago
Any money you get from such a claim will most likely go to those which already have a judgment against you for not paying debts that you own. It depends on what types of debts and payments you have. I would suggest asking your bankruptcy attorney. He should do something for the money he was paid.
Wiki User
∙ 10y ago
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Will bankruptcy trustee take pain and suffering settlement?
If (a) you filed Chapter 7 *AND* (b) the injury occurred *AFTER* you filed, no. Otherwise, you should discuss it with your bankruptcy attorney.
Do you pay taxes for auto insurance settlement?
A settlement is usually split into two parts, recovery of damages sustained, and pain/suffering (putative). For recovery of costs, the settlement is not taxed. For pain/suffering it is taxed.
Do you pay taxes on pain and suffering settlements?
No. Areas of a settlement such as medical bills, lost wages, and pain and suffering are not taxed.
What makes a really good settlement?
A really good settlement would be one that serves the purpose it was intended for. A settlement is usually given to someone who has endured pain and suffering of some kind.
A settlement that occurs in response to other peoples emotional or physical suffering is called?
justice
Will you receive settlement for pain and suffering due to auto accident which you got a broken nose and whip lash?
You may receive a settlement for pain and suffering due to an auto accident for which you got a broken nose and whip lash. An attorney will have to represent you at a hearing.
Is there any income tax on court settlement money?
Yes. Just looked it up myself. The only case that does not require you to pay income tax is if the settlement comes from an illness or injury. If the settlement is for wages or anything unrelated to illness (pain and suffering do not count as an illness).
Will an auto accident with no injury get a settlement?
An auto accident with no bodily injury will typically get a property settlement only. In order to receive any additional settlement including pain and suffering you would need to be able to demonstrate physical trauma via documentation provided by doctors.
Does wyoming workers compensation give settlement for pain and suffering once uyou are released back to work?
Worker Comp does not pay for pain and suffering. They only pay for actual medical expenses incurred due to the workplace incurred injury.
Taxes do you have to pay on a slip and fall settlement?
Settlements that are paid for a physical injury are not taxed. The settlement that you receive for a personal injury claim such as slip and fall cover lost wages, medical appointments, and pain and suffering. These settlements are made so that a person can feel "whole" again.
What is the average settlement for pain and suffering from a car accident?
Where I live, Alberta Canada, the maximum by law is $3000.00 Jurisdictions where the govenment was not influenced by the Insurance Companies often have higher payouts
What is the average injury settlement for a hip injury?
It is not easy to answer that question without further information. How old are you? Have you required an operation? How long have you been suffering? Contact us for full advice if you wish.
