A woman suffered a brain injury when her car hit a five-inch drop off and she lost control. She filed a personal injury lawsuit with the state of Louisiana, however, suing the state adds additional hurdles, which led to years before she received a settlement. In the meantime, the woman had to pay for much of her own care, such as an in-home aide. Although she was able to borrow money from the bank, she had to pay interest on the loans.
Waiting to receive just compensation over an injury due to someone else’s negligence, can be financially devastating. Complex auto accident lawsuits can take months or even years to resolve. During this time, your bills and expenses are stacking up and your injuries may render you unable to work, forcing you and your family into debt in order to simply cover day-to-day expenses. Furthermore, government agencies, insurance companies, and large corporations named as defendants have greater resources at their disposal to delay and prolong settlement of lawsuits against them. They count on the desperation of the plaintiff to either drop the case or settle for less than full case value.
That is why lawsuit funding has become a popular and effective option. If approved, you can get the money you need to stay financially afloat until your attorney can obtain fair compensation for your injuries and losses. But even after a settlement is handed down or agreed upon, the wait may continue.