U.S. tort law allows a person or a deceased individual’s family to take legal action against another party when that party acted negligently and caused them injury. Often referred to as personal injury law, tort law exists to provide a way for injured individuals to obtain compensation from those responsible for their injuries. This compensation comes in the form of monetary payments for both monetary and non-monetary losses suffered by the victim. In addition, when the party responsible for the injury acted in a particularly egregious manner, punitive damages may be applied. The goal of which is not only to provide the victim with compensation, but to also invoke an official punishment on the defendant for their actions.

Types of Damages

The losses from an injury or illness often are not limited to just the financial cost. Many people experience significant difficulties after they’ve been hurt which continue to cause them both emotional and psychological pain and a range of new obstacles in life. Based on both the concrete financial cost of the damage as well as the non-monetary losses, a court will grant the plaintiff a certain amount of money should he or she win the case. These individuals may be compensated for some of the following:

  • Lost Income from Missed Work
  • Medical Care Expenses
  • Rehabilitation Expenses
  • Ambulance Fees
  • Damaged Property
  • Physical Pain
  • Emotional Trauma
  • Damage to personal and intimate relationships
  • Loss of enjoyment or ability to engage in previous activities

Depending on the case and the work of the attorney on your behalf, compensation may end up being in the thousand or even millions. Compensation is typically higher when someone has suffered permanent damage to a part of their life because of their injuries.

If you or someone you love was injured due to another party’s negligence, a personal injury attorney may be able to help you obtain financial compensation for your damages. Your personal injury case is damaging to your physical and emotional state and you should be justly compensates for those damages.

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Facing bankruptcy can seem daunting at first, with the stressful financial situation a person is likely facing in addition to the number of choices he or she has regarding bankruptcy. But filing for bankruptcy can be a great financial relief, as a person has taken the first step toward regaining financial freedom from his or her debts. Once you have decided that bankruptcy is right for you, the decision on which form of bankruptcy suits your situation comes next. Many debtors settle on Chapter 13 bankruptcy as their solution. Similar to Chapter 7 bankruptcy, Chapter 13 can be filed by both individuals and businesses, making it one of the more popularly accessed forms of bankruptcy. However, there are important differences between Chapter 7 and Chapter 13, and if you are thinking of filing for Chapter 13, it’s important that you recognize those differences.

Important Distinctions

Chapter 13 bankruptcy is often filed by individuals who don’t qualify for Chapter 7 bankruptcy. While the two seem very similar at times, there are key distinctions between them that many people are unaware of. For instance, some of these differences include:

  • Asset liquidation in Chapter 7 vs. Asset retention in Chapter 13
  • Construction of repayment plans in Chapter 13
  • Application of the means test in Chapter 7
  • Different eligibility requirements for Chapter 7 and Chapter 13

These differences matter greatly when a person is deciding on which form of bankruptcy to file.

Get Legal Assistance

If you or someone you love has been facing financial distress for a while and think that there is no way out of debt, bankruptcy may be the answer. If you want legal assistance or advice regarding the bankruptcy process as it pertains to your particular circumstances, contact an experienced bankruptcy lawyer today to discuss your position.

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