Winning a personal injury case is a real achievement if you have recently won the case, a big congratulations to you. And special regards to the Personal Injury Lawyer in Brampton, who represented your case. If you have been lucky enough, the judge has acceded to hand you over the exact sum that you asked for compensation. If the opposition happens to prove a little bit of your fault in the accident, then there will be some deduction. But at the end of the day, you will get the reimbursement. Now, how are you going to receive the amount? Will you prefer the standard method of taking the entire amount at a time? Or do you wish to get it in installments?

The condition when the lump sum amount will help

Sometimes, you undergo such severe injuries that you are going to spend a long time in the hospital. If the doctors have to keep you on the life support system for the initial few days, the expenditure will be sky-high. You need money right now to meet up the doctor’s bills, medicine bills, expenses for the medical tests, and pay for the surgery if required. The expenditure will be considerable, and so, you will implore the Injury Lawyer in Brampton to wrap up the case as soon as possible. At such times, a lump sum amount is what you need at the moment. Once you recover, you will be able to earn and recover the financial loss. But you have to reimburse the empty bank account.

Installments also work

You are suffering from such an injury like a severe spinal issue that is going to need medical assistance frequently. The expense for the treatment of such injuries continues over a long time. It will be a wrong decision if you take the compensation amount at a time. Instead, ask the Personal Injury Lawyer in Brampton to request for installment payment of the money. It will prevent the sudden unnecessary wastage of money as you have got cash in hand.

Discussion with the defendant

Sometimes, the Injury Lawyer in Brampton will sit and have a conversation with the opposition’s lawyer. If the defendant is genuinely having fund issues and will be unable to pay you the compensation right now, you can give the person the option to pay in arts. It will be easier for that person too. The defendant might have been negligent, but that person is also involved in the accident and might have escaped with fewer damages.

Structured negotiation

Your attorney can also suggest for structured payment system by the defendant. The fundamental concept is that the need for money will not be the same throughout the recovery period. You may need more money now and lesser later, or vice versa. Depending on the situation, you have to customize the way to receive payment. You can opt to get more in the initial period, and the receivable amount will decrease consequently. Or, you have to choose the reverse procedure. You have the authority to take the call. So make a wise decision that will not cause any financial shortage. To read more Click Here