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Showing posts from April, 2020

What is the process in an accident lawsuit?

People involved in an accident can reach a personal agreement, which does not require lawyers or the intervention of a judge. Within this agreement, the costs for injuries, affections to third parties or even economic figures that allow forgetting the problem between both parties can be treated. Unfortunately, these types of resolutions are usually temporary and do not give guarantees that you will receive what is just, in a timely manner. Personal injury finance companies protect the people involved by looking out for their interests. It is a reliable way in which the victim will have a fair compensation or in his case, the defendant will be defended correctly. It must be understood that in an accidental loss, emotional and physical damages are suffered according to the degree. Each step of an accident lawsuit is designed to allow the law to reach a fair verdict. It facilitates the way as long as the plaintiff and defendant comply with the procedure. This is why it is important t

Commercial litigation financing: what you need to know!

In the event of a commercial dispute, the competent court is usually the commercial court. But it may be preferable at first to attempt an amicable settlement of the commercial dispute. Litigation financing In recent times, litigation financing has evolved into an increasingly popular system among companies, allowing them to file claims that would otherwise be kept in a drawer due to the high cost of trying to reach a settlement through a formal dispute resolution process (arbitration, trial or covenant). What is litigation financing? Litigation financing, also known as “legal financing” or “external financing”, consists of financing one of the parties to a dispute in exchange for a percentage of the benefits obtained by the litigator. This allows said party to submit to a trial or arbitration without having to pay directly for it, either due to commercial difficulties or if you prefer to use liquidity for other investments.

Possible damages in a personal injury lawsuit

An accident occurs many serious personal injuries that make expenses for the victim and cause many financial problems for her and her family. It seems unfair that a victim has to endure the financial and physical consequences of an accident in which they did not commit any fault. Accordingly, the law grants injury victims to file lawsuits against the person (s) answerable for their injuries. All jurisdictions in the United States allow plaintiffs with valid cases to go to state courts to recover damages. Although each jurisdiction may differ in the dollar amount to be delivered in individual cases, there are some common types of damages that are allowed in most jurisdictions.