As you may know by now, you are likely shortchanging yourself in a few ways by going this route, but, let's assume 3x is your goal (very arguable whether that's a good goal, but who knows what your case is, and this is what you have targeted, so I'll play along, because no one seems to have gotten to the point of your question yet). An insurer's "3x" method of estimating value (which tends to lowball good cases) was usually three times "specials," which are all of your special damages:...
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Do you have an attorney? What does he/she have to say? Not knowing any of your case details, the general rule is that, if they are insured for the accident, the defendant company's bankruptcy would probably not matter at all. The issues that arise are 1) whether they have insurance that covers the loss, AND 2) whether the defendant company provided proper notice to the insurance company. There are ways to get past an insurer's denial of coverage in Illinois, depending on the facts. I'm...
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Don't settle without at least talking to an attorney. I'm a dad of a child with autism and for several years was the legislative director of the Autism Society of Illinois. I'm sorry to hear about what happened--it's more than an inconvenience. I'm happy to talk (free of charge) if you want to call me 847-295-0300.
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Did this occur in Illinois, and how old are you now? These answers will help determine whether the statute of limitations has expired. Call me or contact another attorney immediately; any time you may have is limited. Chris Kennedy 847-295-0300 http://www.kennedypierson.com/ChristopherMKennedy.shtml
It is a possibility, depending on the circumstances. In what county did this happen? When? Contact me or another Illinois attorney (assuming it happened in Illinois) as soon as possible to evaluate the case, begin preserving evidence and ensure that no deadlines are missed. Good luck, Chris
You might want to contact the Illinois Attorney General's Office at 1-877-305-5145. See their brochure at this link.
You should. You certainly would have a breach of contract claim for undone work. I assume this is a construction contractor of some kind? If this was for construction/remodeling/repairs to your home, many states have statutes protecting homeowners from contractors who don't complete work or issue refunds. You should contact an attorney in your county who has experience in construction law and have him/her review whatever contract documents or correspondence you have.
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