You may be wondering if it would be wise for you to settle out of court if you have just started working with personal injury lawyers on your case. A significant percentage of those cases do end up settling early. An out-of-court settlement is beneficial for some but can be detrimental to others. The following is a snapshot of the positive against the negative.
Reasons to Settle out of Court
There are quite a few reasons that settling out of court is a good idea. The first reason is that it can cut down your wait time significantly. You can receive your settlement funds in a matter of weeks instead of waiting for months or years. An out-of-court settlement can allow you to pay all of your bills that have gone awry since your incident. Many people fall behind in rent, mortgages, utilities, car payments and the like because they cannot work after an accident. Disability benefits may take a while to reach them. An out-of-court settlement can quickly get you out of a bind. Some offenders are willing to settle out of court so that the case does not end up in the media. You can always have your attorney try to get you compensation for personal injury early.
Reasons not to Settle out of Court
You may want to reconsider an out-of-court settlement because you may not be able to receive as much compensation as you would receive with a court appearance and all the appropriate documentation. Offenders are notorious for trying to get away with neglect with a minuscule payoff. Be careful what you accept if you do decide to go this route.
Reason to Take the Long Road
You may want to select the long road if you have enough funds or support to make it until a case runs its course. The reason is that you may be able to collect punitive damages if you have a normal trial. Punitive damages are extra monies that a competent judge may award you if the offending party was extra neglectful to you. Punitive damages can be several hundred thousand dollars. Auto accidents and medical malpractice suits usually qualify for punitive awards. You never know how much you can receive, so it is always best to go the long haul if you can.
Ask the Attorney for Sound Advice
If you are uncertain about anything, you can always ask your experienced Canadian personal injury lawyer. That person will know how you should proceed in your pursuit for compensation for personal injury. The lawyer’s job will be to make the best decision for you, and to explain to you why it is the best one for your situation.