How are Personal Injury Settlements Paid Out?
If you are involved in a personal injury case, you may have questions about compensation for your injuries, such as, “How are personal injury settlements paid out?” You are not alone. The personal injury attorneys at Rubens Kress & Mulholland are here to explain how personal injury settlements work in addition to the compensation process.
How Do Personal Injury Settlements Work?
In some instances, personal injury cases are settled without going to court. Other times a lawsuit has to be filed because both sides do not agree on the liability or the extent of the damages or both. Often a case settles after various points of litigation such as after you give your deposition.
Compensation varies based on a number of factors, including, but not limited to:
- – Severity of the injury
- – Permanency of the injury
- – Required medical treatment
Damages in a personal injury case may include compensation for harm that can be easily quantified. Two common examples are medical expenses and lost wages. Damages may also cover unquantifiable factors, like pain and suffering. In Illinois, the modified comparative negligence system of recovery is used to determine compensation. This means if you were found to be partially at fault for the accident, the amount of compensation you receive will be reduced proportionately. If you are found to be more than fifty percent responsible for the accident, you are prohibited from receiving a judgment in your favor.
Other factors that may affect the amount you ultimately receive from your settlement include:
- – Attorney’s fees and associated costs (filing fees, depositions, orders for medical records, etc).
- – Liens from medical providers and insurance companies
- – Medical bills
Trust the Experienced Team at Rubens Kress & Mulholland
If you are in need of an experienced lawyer in the Chicago area to represent you in a personal injury case, contact Rubens Kress & Mulholland toll-free today at 866-890-9640 to begin a case review. We are dedicated to helping injured workers or those injured by the negligence of others receive the compensation they deserve.