Liens
You’ve been working on a case with your attorney or their paralegal for a considerable period of time. And in your mind, you do something that you really shouldn’t do. Don’t count your chickens before they’re hatched. You’re thinking to yourself, okay, they told me if the settlement amount is this amount, this amount, then I’m going to get this amount. So you start spending that money. Hey, you know, I need a new car, I need to go ahead and pay off this credit card, whatever.
I’m Michael Ashworth, with TulsaPersonalInjuryLawyer.pro. And I want to talk to you about a word that’s not commonly used every day in the everyday world. But it’s a common reality in the everyday world in the world. The word is known as lean. Not L-E-A-N, like lean meat, or leaning against something, but lian, L-I-E-N, which is kind of a form of leaning.
Because what happens is when you get medical services or certain services that are as a result of an accident, worker’s comp claim, things like that, the companies that pay those expenses for you, they’re going to put a lean against whatever amount of money you may get in settlement. So what happens is, you think you’re going to get the certain amount of money, but that’s contingent upon having a set amount of liens that are going to be satisfied for a known dollar value.
Understanding Liens and Their Impact
Now, sometimes law firms and I can tell you this, our law firms spends a considerable amount of time, that if a healthcare provider were to put a $5,000 lean against one of our clients in a case they have, a lot of times that when we settle the case, we are able to get more money even though the lien is $5,000 by doing what’s called reductions. So the work we do is not just handling your case. The work we do is also in negotiating the best possible outcome for you.
Contact Us for a Low-cost Consultation
I’m Michael Ashworth, TulsaPersonalInjuryLawyer.Pro, 918-924-5528. Give us a call.
