How will I be paid compensation if my claim is successful?
There are two modes of compensation payment that a defendant may choose to use if they owe a personal injury claimant after a lawsuit. The first, and less common, is known as a lump sum payment. In these situations, all of the money owed to the successful claimant is paid at once. More commonly, defendants choose to break up these payments into what are known as structured settlements. These payments are provided in a regular schedule, providing more reasonable amounts of compensation over a lengthier period of time.
If you’re thinking about filing a personal injury claim after an injury caused by someone else’s negligence, an attorney from Ravid & Associates, P.C. can answer your questions. For a free consultation with an experienced legal advisor in Detroit, get in touch with us by calling (248) 948-9696 today.