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Very simply, it is a lawsuit that seeks money in return for the wrong the defendant is alleged to have done. The most common example is a car accident case where the plaintiff seeks a money judgment for pain and suffering and reimbursement of medical expenses. This type of lawsuit is distinguished from one seeking what is called "equitable relief". This type of lawsuit asks the court to make the defendant do something he/she was obligated to do, or set aside a will, or oder a property partitioned and other types of things other than just giving money.
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In a lawsuit monetary judgment won do you have to pay taxes just like a paycheck?
are taxes due on monetary judgment like a pay check
Is there any minimum monetary required for lawsuit filed in US District court?
yes indeed it is
How does civil trial begin?
A civil trial begins when a person brings a lawsuit against another for monetary restitution. The matter will go before a judge, and the judge will decide if the lawsuit is valid.
What would someone want from an equity suit?
In a homestead equity lawsuit they would be suing for the monetary equity that has accumulated on a home, and payout.
Under which kind of legal proceeding may an injured person seek monetary damages?
Civil Law. By initiating a "TORT" action - a civil suit for damages.
How does a personal injury lawyer get paid?
If he wins the lawsuit he takes a percentage of the monetary settlement (e.g. 30%, 40%), if he loses he usually gets nothing.
Do people receive settlements from class action lawsuits?
If the person were a named party in the lawsuit then he or she would be entitled to an equal portion of the monetary recovery, whether it was a settlement agreement or a judgment award by the court.
Can a civil lawsuit derive from a family lawsuit case?
A family lawsuit is a civil lawsuit. Other lawsuits can arise from the original lawsuit- cross complaints and countersuits.A family lawsuit is a civil lawsuit. Other lawsuits can arise from the original lawsuit- cross complaints and countersuits.A family lawsuit is a civil lawsuit. Other lawsuits can arise from the original lawsuit- cross complaints and countersuits.A family lawsuit is a civil lawsuit. Other lawsuits can arise from the original lawsuit- cross complaints and countersuits.
How much taxes do you pay on a lawsuit settlement?
In most cases, you will not have to pay taxes on the main portion of lawsuit settlements. The idea is that it would be too confusing if the monetary number to be awarded would end up being less than-say-the value of the medical bills. However, additional funds such as punitive fees assigned by the court and interest accrued on compensations may be taxed. The attached law article explains taxing and lawsuit settlements in more detail.
What term describes any kind of money a creditor must accept by law for payment of a monetary debt?
A judgment is a court order issued by the court stating that the creditor has won the lawsuit and is entitled to a certain amount of money.
What will happen to a person who breaches copyright law?
Nothing will happen to a person who breaches copyright law unless the holder of the copyright chooses to sue the violator. The lawsuit court settlement will determine the monetary damagesowed to the copyright holder (if any).
How do you get lawsuit funding?
Depending on the circumstances of your lawsuit and the type of lawsuit, there are various options that you may qualify for. Most litigation funding companies offer non-recourse lawsuit loans for a pending or settled lawsuit. A non-recourse lawsuit advance is a loan that only needs to be repaid if you win or settle your lawsuit otherwise nothing is owed to the funding company. To qualify for lawsuit loans no credit or employment is required, so long as you have a lawsuit. Obtaining a lawsuit loan for your lawsuit is as simple as picking up the phone and applying.
