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The loan is paid from the judgment or the settlement funds after other expenses are covered. When you reach a settlement with the defendant or when you obtain a judgment in court, certain expenses will be paid off the top. These expenses include: The attorneys fee. In personal injury cases, the attorneys fee is often one third to one half of any recovery you are awarded. The expenses of litigation, like process server fees, copy costs, and court costs.
Medical liens for services you got from doctors, hospitals, or other medical providers. When all other expenses are paid, the lawsuit lender gets paid from the remainder. Example 1: Settlement After One Year. You sue XYZ Insurance Company for 100,000 because of injuries you indusind bank personal loan status in a traffic accident caused by one of the companys insured drivers.
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