Even with a good business model and hard work, a business during difficult economic times can become insolvent. Insolvency is a state that many businesses and companies find themselves in when they are unable to generate the revenue necessary to pay their debts on time. In some cases, insolvency can apply to individuals as well. Insolvency is not the same as bankruptcy, because bankruptcy is only a potential result of insolvency. When a business owner finds their company is unable to make payments on their debts, bankruptcy or debt negotiation is considered as an option. Depending on the situation, insolvent businesses who declare bankruptcy may be able to negotiate a situation in which they are able to finish off their debts and keep their doors open.

Types of Insolvency

In these tough economic times, insolvency has become rather common. Thousands of businesses across the nation are battling debt problems that leave them with difficult choices. Two common types of insolvency are:

  • Balance sheet insolvency
  • Cash flow insolvency

Balance sheet insolvency refers to a situation in which a company has more liabilities than assets, while cash flow insolvency refers to a situation in which the company does not have enough cash to pay for debts when they become due. They are both obviously dangers to the company’s future and something must be done to fix them immediately.

Other Options

Declaring bankruptcy can be an effective way to solve the problem of insolvency, but there may be other options as well. With the help of an experienced bankruptcy attorney, you may be able to negotiate with your debt collectors and come to an agreement on a solution for debt repayment. An attorney may be able to negotiate:

  • Reduced monthly payments
  • Reduced interest
  • Extended payment due dates

Choosing debt negotiation or bankruptcy may be able to help you keep your business running while you resolve your insolvency issues. Dealing with financial woes is never easy and it can be quite overwhelming.

The Necessity Of Road Signs And Road Paint

Government transportation agencies have an essential duty to motorists and pedestrians alike in providing adequate road directions to promote safe driving. Like maps used in aviation (to learn more, click here), road signs help drivers navigate the roadways to their destination. By installing the right signs or using clearly painted directions on the road, these government agencies can reduce confusion or misunderstandings on the road. As a result, they may be able to save motorists and pedestrians from collisions caused by otherwise preventable problems.

Directing Traffic on the Highways

Road signs are incredibly important on America’s highways and freeways. Given their speed limits, these roads don’t usually offer drivers enough time to react quickly to a potential problem. Instead, government agencies need to direct on-coming motorists through yield signs or warnings about merging lanes ahead. Similarly, warnings about construction or lane closures should be clearly posted far before these obstructions are present.

Road Signs at Busy Intersections

Few places illustrate the necessity of a well-placed road sign like a busy intersection. By using stop signs or stop lights intelligently, a government agency can direct traffic and keep extremely dangerous accidents from occurring. Although these accidents may not always happen at high speeds, even a collision at moderate speed can cause serious injuries such as broken bones and whiplash.

Using Road Paint Correctly

In addition to providing road signs where needed, it’s the government’s responsibility to keep up with the paint on the road. This means clearly marking out lanes, showing when lanes are closing through both signs and paint, and providing any crucial information on the road paint itself. By using both a sign and road paint to show major changes occurring ahead, government agencies can work to drastically reduce the number of accidents that happen on the roads.

Compensation Claims for Injured Motorists

If you’ve sustained an injury on the road because of a lack of adequate road signs or road paint, there may be grounds for a compensation lawsuit for the cost of your injuries. For more information about your rights and options after a collision caused by the government’s mistakes, contact a car accident lawyer.

How Are Personal Injury Settlements Paid?

If a claimant is successful in suing for financial compensation after being injured, they may expect payment for the costs associated with their injuries. However, a defendant may be entitled to two payment options, depending on their ability or desire to pay in a particular way. These two options vary significantly and considerably affect how a person receives the compensation theyve won.

Structured Settlements

In most cases, a defendant will pay through what is known as a structured settlement. In paying this way, a defendant will be responsible for paying the full compensation amount over a fixed period of time. While this means that a claimant won’t have immediate access to their total compensation sum, they will receive regularly scheduled payments over a series of installments.

If both parties agree, defendants may use third-party groups to assume payment liabilities, ensuring regular payments when such liabilities could prove difficult to maintain.

Structured settlements are particularly popular if settlement amounts are high. As people or companies may be unable to financially deal with the immediate loss of thousands, if not millions, of dollars as the result of a lawsuit, the structured payment system is usually the best option.

Lump Sum

If a defendant doesn’t pay through a structured settlement, they’re expected to provide the full compensation amount at once. A lump sum payment is just that. A claimant will receive their entire compensation sum in a single payment, clearing the defendant of any further responsibility as per the agreement or court decision.

As many settlements for injuries cover expensive treatments or recovery needs, lump sum payments aren’t always popular for personal injury cases. However, smaller compensation sums or defendants with massive financial backing may prompt a lump sum payment.

Next Steps for a Compensation Claim

If you’ve sustained an injury and are looking for more explanations about what to expect with a compensation claim, a legal advisor may be able to help. For more information about how personal injury lawsuits work, contact a Wausau, Wisconsin personal injury lawyer today.

DePuy Hip Replacement

Anyone who has undergone hip replacement surgery knows that it is not an easy procedure, and making the decision to go ahead with the procedure should be considered carefully by both doctors and their patients. Surgery to replace the hip involves the removal of one or both joints of the hip, followed by replacement with artificial hip joints. After the hip replacement surgery is successfully completed, the patient will undergo physical therapy in order to adapt and learn how to use the new replacement. Hip replacement is a necessary procedure for many who have difficulty with arthritis or who have suffered hip fractures. Among the different types of hip replacements which are available is a product made by the pharmaceutical company DePuy. While many are in need of hip replacements, DePuy’s hip replacement implants released after 2003 have come with a number of dangerous defects. In fact, DePuy’s hip implants have had to be recalled. Unfortunately, this was not before significant damage was done to some patients who were given defective DePuy implants.

Problems Associated with Depuy Hip Replacement

Patients who received DePuy hip implants have experienced several different types of complications, forcing DePuy to recall their implants. Patients who were given these implants had to go through even more expensive and invasive surgeries, increasing their physical, financial, and emotional ordeal. The complications experienced by DePuy recipients include:

  • Implant dislocation
  • Loosening of the implant
  • Fractures due to the implant

A great number of people who have suffered due to DePuy hip implants are now seeking compensation for the medical costs, lost income, and suffering they have had to deal with as a result of DePuy’s negligence. If you or a loved one has had to go through the ordeal of multiple hip replacement surgeries after they were harmed by a DePuy implant, you could be entitled to financial compensation. Contact an experienced attorney about filing a lawsuit today to learn more about your legal options.

The Real Dangers Of Speeding

While speeding is one of the most common traffic violations and many people think it’s no big deal, it actually has very real dangers associated with it. Speed limits are mandated on every roadway for the overall safety of every user of the road, including not only car and truck drivers, but motorcyclists, bicyclists, and even pedestrians. When drivers take it upon themselves to decide whether or not to follow speed limits, they put all of these road users at risk for injury, rather than just themselves.

Speeding can be dangerous for a number of reasons. In particular areas of the road, for instance, using excessive speeds can be much more dangerous than in others. Some of these areas include around sharp turns, unprotected curves and turns, areas of low visibility, areas of high-traffic, and parking lots. All of these locations have mandated speed limits, and exceeding these limits can be reckless and dangerous.

Dangerous Speeding

Driving with excessive speeds can be dangerous in so many ways. Speeding naturally increases the chances of:

  • Head-on collisions
  • Overcorrection and subsequent accidents
  • Rollover accidents
  • Rear-ending other vehicles
  • Being hit by other drivers with right-of-way
  • Being ticketed can cause your car insurance rates to go up

These accidents are known to cause serious injuries. Often, the injuries that result from speeding accidents are very serious, because of the high impact of the vehicles involved (especially the one that was traveling at the higher speed). When a person is facing serious physical injuries, he or she often has to pay for extensive medical treatment, such as emergency transport and services, surgical costs, physical therapy, and recovery costs. But sometimes victims of a reckless speeding driver are eligible to receive financial compensation for their situation, which can help paying for these medical costs a little easier.

If you or someone you love has been injured in a car accident, you might qualify for financial compensation.