$100 Million awarded • Since 1994 • 6,000 Satisfied Clients

Posted On June 29, 2011 Personal Injury

Can I Lose Assets in a Personal Injury Lawsuit?

If you’re planning to pursue a personal injury lawsuit, or if you’re compelled to participate in one, you may be worried about your personal assets. Losing your savings or even your home in a lawsuit is a frightening prospect for anyone. Could it happen to you? Here are few things to consider:

Most personal injury lawyers charge contingency fees. If you’re concerned that your personal assets will be diminished by the case itself, don’t worry. Personal injury lawyers usually charge a contingency fee, meaning that they get paid only if they are able to secure a settlement for you. The typical fee is one-third of your settlement, which you only pay once you win – so don’t be afraid to hire a New Jersey injury attorney if you’ve been hurt.
You may collect damages or pay them. If you’re the plaintiff in a personal injury case and you are awarded damages, you might collect money from a variety of sources. The defendant’s insurance and even the defendant himself might have to pay for your injuries and damages. If you’re the defendant in a personal injury suit, you might have to make payments once the case is decided.
The appeals process may change the outcome. If a significant legal error was made during your case, you may be able to file an appeal. This could entirely change the outcome of the case – or not. If you’re the defendant, the appeals process is one way to try and protect your assets.
What if you can’t pay? Defendants may not be able to pay the settlement out of pocket. In this situation, the plaintiff may be able to take action to uncover the defendant’s assets, such as their home. The plaintiff could potentially have their damages paid from these assets, resulting in the loss of the defendant’s savings or even their home.

You need to find a good personal injury attorney who may help you protect your assets, so get in touch with Console & Associates P.C., your New Jersey injury attorneys, if you or a family member has been hurt or injured.

Free Consultation

Fill out the form below to receive a free initial consultation.

*FIELD REQUIRED

Console and Associates Accident Injury Lawyers, P.C. is a personal injury law firm that represents accident victims in New Jersey & Pennsylvania. We are best known for our skill in seeking maximum compensation and for the compassionate manner in which we help our clients restore their lives after devastating injuries.

© 2024 by Console and Associates Accident Injury Lawyers, PC. All rights reserved. Disclaimer | Privacy Policy | Sitemap

ATTORNEY ADVERTISING This is a paid advertisement by Attorney Richard P. Console Jr., Esq. and the law firm of Console & Associates P.C., not a referral service. Prior results do not guarantee a similar outcome. Testimonials are not necessarily representative of results obtained. Console & Associates, P.C.'s primary office is located at One Holtec Drive, Suite #100, Marlton, NJ 08053 and can be reached at 866-778-5500. The attorney responsible for this advertisement is Richard P. Console Jr., Esq. The information presented on this site is provided for general informational purposes only and should not be construed as formal legal advice nor the formation of an attorney-client relationship. Use of this site does not create an attorney-client relationship. Submitting information or case details through this site does not create an attorney-client relationship. An attorney will need to review the specific facts of your case to determine representation.

References to any particular case do not constitute a representation that we are participating in that case. While we handle litigation related to the legal issues discussed on this site, we are not necessarily involved in any particular cases mentioned. Any references to specific cases are for illustrative purposes only and do not indicate that we are counsel in that case.

In certain instances, we may choose to involve co-counsel or refer a matter to another firm if we believe it is in the client's best interest. Any information you provide will only be reviewed by our firm and/or our co-counsel attorneys to evaluate your case and eligibility. While we make efforts to ensure the information on this site is accurate, it may not reflect all relevant facts and circumstances. You should not take any action based upon this information without first consulting legal counsel about your particular situation.

The choice of an attorney is an important one and should not be based solely on advertisements. Results may vary depending on your particular facts and legal circumstances. If you believe you may have a claim, we would be happy to discuss potential representation with you, subject to our standard intake procedures and conflict checks. However, by visiting this site or contacting us, no attorney-client relationship is created. Confidential information should not be sent to us until a formal engagement letter is signed.

New Jersey Residents: If you live in New Jersey and believe this advertisement is inaccurate or misleading, you may report same to the Committee on Attorney Advertising, Hughes Justice Complex, CN 037, Trenton, New Jersey 08625. No aspect of this advertisement has been approved by the Supreme Court of New Jersey.

PRIVACY: We are committed to protecting your privacy. We do not sell, trade or rent your personal information to third parties. Any information you provide us will only be reviewed by our firm and/or our co-counsel attorneys. You may be contacted by our firm or by one of our co-counsel law firms. This privacy statement discloses how the information you provide is used and protected.

AHA MRF Compliance