{"id":39,"date":"2016-06-27T22:39:24","date_gmt":"2016-06-27T22:39:24","guid":{"rendered":"http:\/\/www.groupbff.com\/StructuredSettlement\/?page_id=39"},"modified":"2016-07-07T18:10:51","modified_gmt":"2016-07-07T18:10:51","slug":"court-ordered-structures-under-section-55","status":"publish","type":"page","link":"https:\/\/finkelsteinstructures.com\/?page_id=39","title":{"rendered":"Court Ordered Structures Under Section 55"},"content":{"rendered":"<table border=\"0\" width=\"831\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td rowspan=\"2\" valign=\"top\" width=\"662\" height=\"547\">\n<div align=\"left\">\n<h1><span style=\"font-size: 12pt;\"><b><\/b><span style=\"color: #000000; font-family: arial, helvetica, sans-serif;\"><b>COURT ORDERED STRUCTURES UNDER SECTION 55<\/b><\/span><\/span><\/h1>\n<\/div>\n<p><span style=\"font-family: arial, helvetica, sans-serif; color: #000000; font-size: 12pt;\">Under section 55 of the Insurance (Motor Vehicle) Act (reproduced in the Reference Section of this website) courts in British Columbia may order that damages be paid to a plaintiff on a periodic basis rather than by lump sum. At times the court must consider whether a lump sum or a structure is in the plaintiff\u2019s best interest. The following criteria are thought to be primary considerations in deciding whether or not to order structured periodic payments:<br \/>\n<\/span><\/p>\n<ul>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Age of the plaintiff.\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-87 alignright\" src=\"http:\/\/www.groupbff.com\/StructuredSettlement\/wp-content\/uploads\/2016\/06\/key.gif\" alt=\"key\" width=\"136\" height=\"274\" \/><\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Competency of the plaintiff.<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Whether the injuries are catastrophic.<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Whether the plaintiff is employable.<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">The extent to which the plaintiff is self-sufficient, or requires community support in order to live.<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Does the plaintiff require money for a specific purpose at any time now or in the future?<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">To what extent would the plaintiff be harmed if he or she dissipated their entire lump sum award?<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Is the schedule of proposed periodic payments practicable having regard to the plaintiff\u2019s circumstances?<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\"><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Educational background of the plaintiff.<\/span><\/span>&nbsp;<\/li>\n<li><span style=\"font-family: arial, helvetica, sans-serif; font-size: 12pt; color: #000000;\">Plaintiff\u2019s experience in handling money.<\/span><span style=\"font-family: Verdana;\"><br \/>\n<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>COURT ORDERED STRUCTURES UNDER SECTION 55 Under section 55 of the Insurance (Motor Vehicle) Act (reproduced in the Reference Section of this website) courts in British Columbia may order that damages be paid to a plaintiff on a periodic basis rather than by lump sum. At times the court must consider whether a lump sum &#8230; <a title=\"Court Ordered Structures Under Section 55\" class=\"read-more\" href=\"https:\/\/finkelsteinstructures.com\/?page_id=39\">Read more<span class=\"screen-reader-text\">Court Ordered Structures Under Section 55<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-39","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/39","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39"}],"version-history":[{"count":4,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/39\/revisions"}],"predecessor-version":[{"id":147,"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=\/wp\/v2\/pages\/39\/revisions\/147"}],"wp:attachment":[{"href":"https:\/\/finkelsteinstructures.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}