Most people expecting a personal injury settlement want to know if their other debts will affect the amount of their recovery.
Certain unpaid debts can negatively impact your settlement.
If you are currently paying child support, you may be wondering, Can child support take settlement money?
When you recover compensation in a personal injury lawsuit, the settlement is designed to compensate you for losses caused by the opposing party’s negligence.
This typically includes losses like:
- Medical expenses,
- Rehabilitation costs,
- Repair costs,
- Lost wages, and
- Loss of future earning capacity.
Your personal injury settlement value will vary based on the specific losses you suffered in your accident.
If you have questions about your settlement, contact Ally Lawsuit Loans so that we can answer your questions.
Why Would I Receive a Personal Injury Settlement?
Personal injury claims arise when an individual’s negligent or wrongful act leads to an accident that causes another person’s injuries.
A personal injury lawsuit may arise in situations such as:
- Car accidents,
- Truck accidents,
- Dog bite accidents,
- Boating accidents,
- Slip-and-fall claims, or
- Product liability claims.
If you can show the opposing party was to blame for your injuries and subsequent monetary losses, they may be liable for those losses.
While the damages you recover in a personal injury claim are meant to compensate you for your losses, the court may deduct certain debts from your settlement before awarding it to you.
How Much Can Child Support Take from Settlement
Whether your child support affects your personal injury settlement depends on many factors, like:
- If you are behind on child support payments,
- The amount of child support you owe, and
- The state your personal injury matter arose in.
Child support is a periodic, ongoing payment one parent makes to the other parent for the financial benefit of their child.
If you are up to date on your child support payments, they will not be deducted from your personal injury settlement.
Unfortunately, a parent injured in a personal injury accident may fall behind on their payments while they are injured.
If you fail to pay your child support, the other parent may garnish your income to pay the outstanding child support balance.
In some states, garnishment can also apply to legal awards like personal injury settlements. Typically, the garnishment will not take your entire settlement amount.
It will only deduct funds from your settlement until you are caught up on your child support payments.
If you need assistance determining whether child support will come out of your personal injury settlement, contact our team at Ally Lawsuit Loans right away.
How Does Child Support Affect My Personal Injury Settlement? Contact Ally Lawsuit Loans Today
When you suffer injuries in a personal injury accident, you might be unable to keep up with your child support payments.
However, you do not want to let your owed child support get out of control.
Depending on the circumstances of your case, any child support you owe may affect the value of your recovery.
If you have questions about how your child support obligations might affect your personal injury settlement, contact Ally Lawsuit Loans today.