Kathleen Burke - Tuesday, October 20, 2009
Chrysler Corp. has attempted to use its bankruptcy to have the courts shield it from liability suits resulting from vehicles produced prior to the bankruptcy filing. Their claim is that failing to provide this protection would surely push them into insolvency.
But there is a petition to recall as many as 3 million Jeep Cherokees from model years 1993-2004 following discovery by the Center For Auto Safety of a flawed gas tank design. This flaw is resulting in fatal crash fires at 4 times higher rate than comparable vehicles. Chrysler has been settling suits without any extensive discovery as long as they are subject to agreements of confidentiality. The petition points out that there are still people that will fall victim to this serious defect in the future.
Yet, with court protection from liability these future victims (and pending cases filed before bankruptcy proceedings) may have no recourse to file personal injury lawsuits. If you, or someone you know, is involved in this type of scenario, lawsuit funding for auto accidents can be an enormous help. Victims will undoubtedly incur high medical bills and loss of wages, while their case is likely to be tied up in court for some length of time while this is all sorted out.
Lawsuit funding from P & T Financial can give you needed cash today to cover your expenses so you don't have to settle your case for pennies on the dollar. This funding is on a non-recourse basis, so it is only paid back out of the future settlement of your case. If you don't win the case, you are not required to pay the money back to P & T. For more information, please give us a call today, toll-free, at (877)591-6102.
