Broken Bones and Broken Wallets: How a Personal Injury Can Reshape Your Personal Finances

Saturday, July 1, 2017, AM | Leave Comment

If you have recently been involved in a personal injury situation, you might be wondering how it will affect your life.

Not only do you have to worry about physical pain, but you also have to worry about other aspects of your life.

For example, a personal injury can truly change your financial situation.

These are a few reasons why.

  • You Could End Up with New Debts

    First of all, you should know that you could end up with a lot of debts.

    Medical debt can be truly crippling, for example, and can leave you owing thousands of dollars.

    If the accident was not your fault, however, you should not be the one who is responsible for paying back all of this debt.

    If you work with a personal injury attorney like Bennett & Sharp PLLC, you can find out more about how to have your medical bills covered by the responsible party.

  • You Might Miss a Lot of Work

    While you are healing from your personal injury, you might not be able to work at all.

    After all, you could be dealing with broken bones or other serious injuries that could take weeks or months to heal.

    You could even have to undergo surgery, physical therapy or other treatments that could keep you out of work for even longer.

    If this is the case, and if you don’t have a lot of sick days that you can get paid for, you may have to worry about living without your paychecks for quite a while.

    For many people, this is very difficult if not impossible, particularly if you do not have a lot of money in savings.

  • You Could Have to Change Your Career Path

    Some people have to miss weeks or months of work because of their injury. Others, however, are never able to return to work.

    Some are able to still work after their injury but may have to change career paths and may not be able to make as much money because of their injury. This can literally change your lifetime earnings and your financial goals for life.

As you can see, a personal injury — from a car accident to a slip and fall accident to an accident that happens at work — can truly reshape your life and your finances.

However, you do have options. If you work with a good personal injury lawyer, you can find out more about coming back from your personal injury.

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