Gerald R Stahl is Grand Rapids Michigan lawyer representing people seriously injured in auto and truck accidents for over 30 years. He also defends people charged with crimes,including drunk driving, drug crimes, and homicide. He is a member of The American Association for Justice and a Fellow in The National College of Advocacy. This Blog does not constitute legal advice. In no way does it create or imply an attorney client relationship. If you have a legal problem you should consult a lawyer.
Wednesday, March 30, 2011
Personal Injury Structured Settlements
There are companies spending millions of dollars in advertising in order to get their hands on your structured settlement from a personal injury case. Think about it, if it is such a bad deal for the recipient, then why do these companies want to buy the contract? How could they afford the advertising if they were not making big bucks. Basically, because these companies want your contract for pennies on the dollar. In other words, they believe you are desperate and need cash now, so let's take advantage of their misfortune. Structured settlements in personal injury cases are generally paid to people that suffer life long effects of injuries. Often times the structured payment comes every month guaranteed for life. In many cases the victim of the injury cannot work or has a shortened work life. Those people still get the normal bills for rent, electric, phone, cable just like any other person. So, think twice before selling your structured settlement proceeds.