Many people struggle financially after being involved in an accident. Before you consider filing for Bankruptcy always contact the personal injury lawyer handling your case before you decide to file. Once you file, the Bankruptcy Trustee will be making decisions on how much you will be able to collect from any settlement obtained. Here are a few things you should know about personal injury settlements in a New York bankruptcy
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Jury pools are historically more favorable to personal injury plaintiffs in some venues more than in others. The Bronx and Kings County are considered, by far, the most plaintiff friendly in the New York area. Staten Island, Nassau County and Westchester tend to be more challenging for personal injury plaintiffs. Insurance companies and defense lawyers are more likely to pay the full value for you case if your venue is Bronx or Kings County.
During the “New York Pause” period and the “stay at home orders” New Yorkers and Americans for that matter, are not driving as much as they did before. Less people on the road results in less accidents and fewer claims that insurance companies need to pay. The New York City Open Data Project shows collisions in March declining by over 35% from 2019 to 2020. As a result, most insurance companies are offering a discount.