A “personal injury” is that life-changing moment when you are seriously injured as the result of the negligence or carelessness of someone else. As you face this difficult time, you may also find yourself waiting a long time for your case to produce justice. If in this unfortunate situation, litigation funding could provide some financial peace of mind.
Following a serious auto accident, a plaintiff could experience severe financial difficulties from the inability to work, sudden medical bills, and the stress of meeting daily living expenses for themselves and those they support. When savings are depleted and friends and family are unable to help, injured plaintiffs can turn to litigation funding.
A young man recently settled a personal injury lawsuit for the catastrophic injuries he sustained in an auto accident five years ago. He had recently turned 16. The accident happened when a distracted driver veered into oncoming traffic at 50 mph, slamming into the SUV in which the young man was a passenger. The SUV spun around before going down an embankment. The passenger suffered severe traumatic brain injuries and will require round-the-clock care the rest of his life; both drivers escaped with minor injuries. The lawsuit settled for an undisclosed amount.
While no money can take away the physical challenges this young man faces every day, at least he has the financial security to provide himself with accommodation, equipment and care that would otherwise be unavailable or the responsibility of the taxpayers.
Litigation funding is clearly worth consideration for any plaintiff struggling financially while waiting for a settlement or verdict in a pending personal injury lawsuit. In simple terms, a legal finance company provides you with a cash advance on the money you will receive once your case settles, typically within 48 hours and without the need of a credit check or employment verification. The only requirement to obtain a cash advance is a strong case and legal representation. Repayment is made only when the case settles. If the funded plaintiff loses the case, there is no obligation to repay the funding company.
If you have sustained serious injuries in an accident and need financial assistance while in the litigation process, litigation funding may be right for you. The easiest and fastest way to get started is by completing an online funding application. This takes five minutes or less. Next, the funding company will request case documentation from your attorney. After evaluating the case, if you application is approved, both you and your attorney will sign a funding agreement. Your funds can be wired directly into your bank account within 24-48 hours.