Legal Question in Personal Injury in Texas

lop's

While unemployed due to auto accident. I need to borrow money from my law firm pending a settlement is it legal to charge interest and is there a certin amount that is consider a fair settlement based on money spent for medical and lossed wages? Such as 3 1/2 times what is spent for medical bills + lossed wages


Asked on 8/26/01, 3:29 pm

1 Answer from Attorneys
David Sergi Sergi and Associates PLLC

Re: lop's

If you found a law firm that will lend you money you are lucky. I think that they like any other lender can charge you interest. A good settlement in todays enviornment is 2.5 to 2.8 times meds, not 3.5. 3.5 is achieved in litigation on very bad fact.

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Answered on 9/04/01, 9:18 am


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