More often than not, people with valuable litigation have difficulty sustaining themselves, financially, through a long and difficult legal process. Lawsuit financing offers you a choice when you are involved in litigation, but are unable to afford monthly payments, house notes, car payments, groceries, rent, or other essentials. If you are already in financial distress, a disabling accidental injury simply adds to an already existing problem.
Lawsuit Financial offers a solution for people who are disabled, in litigation over their injury or disability, have poor credit, are facing foreclosure or eviction or have other, serious and immediate, financial needs. Your legal finance company offers non-recourse cash advances, based upon a professional assumption of the potential value of the funded case. You pay no monthly payment; in fact, no payments of any kind are due unless and until the case resolves successfully at terms that are sufficient to repay the advance.
Clients and attorneys often ask: ‘What’s the catch’? ‘What happens if we lose the case’? ‘Will that event create additional indebtedness’? The short answer is ‘no’. Litigation funding cash advances are ‘non-recourse’; if your case is unsuccessful, the advance is excused. That is right; if you lose your case, you do not have to repay lawsuit financial. Further, since a financially distressed client is not a positive influence on settlement negotiations, taking away that financial distress will make it much easier for you to pursue your case to its just conclusion without worrying that you have to settle your case to pay your bills.
Most companies require documentation to complete an advance; there can be a substantial difference in the amount of paperwork required. Lawsuit Financial, for instance, requires a completed one-page intake form and one-page attorney questionnaire form (completed by the handling attorney) to be submitted along with no more than 10-15 pages of case records that tend to support the request. For auto accident legal funding, for instance, your attorney would submit the completed forms along with a police report, the front page of a pleading (case caption and case number identifies the litigation), proof of insurance coverage and policy limits, and medical documentation limited to a description of the injury and its relationship to the accident. Often, case reviews and funding decisions can occur on the same day. Upon approval and contract execution, your money can be available on the same day or next day; there are no prolonged “waiting periods” to get the money you need, now.
Litigation plaintiffs are often forced to settle valuable cases for less than they actually deserve. Big corporate and big insurance will use their significant financial resources to prolong lawsuits, hoping that you will settle for pennies on the dollar, lacking the financial strength to hold out for appropriate results. Litigation finance services provide you with this precious commodity: time to pursue justice. Leverage our legal funding money to buy the time you need to obtain case appropriate results for you and your family.
Litigation financing is not a perfect solution and it is not for everyone. But, if you are already having a difficult time making ends meet, legal finance services may permit you to continue to fight, aggressively, to the end. It is not a process to take lightly, but it merits your consideration in the right strategic situation.