Making any sort of claim is a serious process that requires a certain degree of responsibility. When it comes to making a personal injury claim, it is common for people to have an even higher level of concern since the outcome is so vital to their overall recovery and future quality of life. One such concern that seems repetitive among claimants is the question of risk in terms of moving forward with a personal injury claim. People wonder, “Are there long-term consequences?”, “Will I have to make sacrifices?”, and “Is the process worth it?”
The truth is, claimants do not take on any risk, nor face potential consequences, in a personal injury case. In fact, it is quite the opposite. Continue reading to learn why.
Personal Injury Contingent Fees
One of the most common concerns among personal injury claimants is finances. They often wonder how much it costs to hire a personal injury lawyer to represent them in their case, as well as, how much money they will have to pay out of pocket through the entire process.
The good news here is that most personal injury lawyers, including Craven, Hoover & Blazek, P.C., work on a contingency-fee basis, which means they do not collect any fees upfront, and only do so if they recover a settlement or judgment for their client. So, if your lawyer is unsuccessful at obtaining a settlement or judgment for your claim, you do not have to pay them.
You do, however, have to pay for non-lawyer related costs, such as filing fees, court costs, investigator costs, costs for obtaining medical records, deposition costs, legal research costs, and more. But most often, these expenses are paid after your case is complete. See our blog, “The Costs of a Personal Injury Lawsuit” to learn which additional fees you might be expected to pay in a personal injury lawsuit.
Financial Impacts
Another common concern regarding personal injury claims and settlements is taxes. Many wonder whether or not they have to pay taxes on their settlements, as well as, whether or not the claim itself will have an impact on their credit. See our blog, “Do I Have to Pay Taxes on My Personal Injury Settlement?” to learn about taxation on claim settlements. As for credit, filing any sort of claim or lawsuit will have no negative nor long-term effect on your credit score and borrowing abilities.
Get Advice From an Indianapolis Personal Injury Lawyer Today
Call the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700 for help with personal injury claims in Indianapolis, Indiana. Our seasoned personal injury lawyers can help you recover the full and fair compensation you deserve after suffering a serious injury in an accident. We offer free initial consultations and never collect lawyer fees unless we prevail for you. Schedule your consultation before the statutes of limitations runs out on your claim. We represent injured persons throughout the State of Indiana.
