Collecting Your Car Accident Settlement
Achieving a fair settlement offer or winning a jury trial for your personal injury claim is grounds for celebration. However, this does not mean the process is over. Once you receive the final answer, it is time to collect on your settlement. If you are unexperienced with this area of the process, it can often seem as complicated than the lawyering process itself.
If the other side is reluctant to pay what they owe, you must pursue collecting your compensation aggressively. This can be fairly difficult to do. It’s important to consider both scenarios when finalizing your case so you are best prepared in the event you have to collect.
Here is everything you need to know about collecting a car accident settlement:
How Long Do They Have to Pay?
By law, the opposing party has up to 30-days to remit payment from the date the court signs the judgment. The 30-day limit comes from the Nevada Rules of Civil Procedure number 62. If the opposing side doesn’t voluntarily pay, of they fail to hold up to their side of the bargain, you can file a Motion to Enforce for the Settlement Agreement.
Motion to Enforce Settlement Agreement
If a case has already been filed in Nevada District Court, another option you can consider is having the court order the opposing party to honor the agreement. To accomplish this, you would have to file a Motion to Enforce. In the State of Nevada, a settlement agreement is considered a legal contract governed by the standard principles of contract law. If it is your objective to enforce a settlement agreement, the complaining party must provide proof of a written agreement. If the motion is granted, the opposing party to the settlement must adhere to the terms of the agreement. If they do not comply, you could pursue further action, such as moving to hold the other party in contempt for failure to abide by the court’s orders.
Sue for Breach of Settlement Agreement
Another option for recovery is to pursue a claim for Breach of Contract (if a lawsuit has already been filed).
You could also consider an additional claim for Breach of the Implied Covenant of Good Faith and Fair Dealing. This type of claim applies in cases where a party to the settlement made the agreement knowing that they were incapable to carry out their part of the deal. This claim is meant to make sure that all parties enter into an agreement in “good faith.” This filing option might still be available even if the court determines there is not a breach in the settlement agreement, providing you with additional options for recovery.
Proceed with The Existing Case
Another option to consider is moving to set aside the initial agreement and proceed with litigation. This would essentially ignore the settlement agreement and proceed back to the original lawsuit. Unfortunately, litigation options are generally more expensive than traditional settlement options, so this is something you will want to consider.
All is not lost if the opposing party doesn’t hold up their end of the bargain. You have plenty of options to enforce the agreement, and if all else fails, you can move the case to litigation.
If you have any questions regarding your settlement agreement, please feel free to contact The Injury Firm at (702) 800-0988 for a free case review.
Work with an experienced attorney
An experienced personal injury attorney knows that what you ultimately want is a financial recovery. They understand that having access to your fair compensation is crucial to getting the treatment you need to make a full recovery. Any delay in receiving your judgment can potentially harm you further. This is why it’s essential to contact a lawyer quickly after the accident to ensure you have someone with the resources and expertise necessary to get you what you deserve.
At The Injury Firm, voted best car accident lawyer Las Vegas, we have experience helping victims take the necessary steps to collect what they’re owed. We can help you find assets and create a plan to execute the judgment in your case.