A US Marine was badly injured in a multiple vehicle freeway crash in California in 2003 and the jury in his case awarded him $1,009,105. The marine was 34-years old at the time of the crash; his career with the Marines was shortened severely due to his injured back, hips, ankles and shoulders. The accident also resulted in loss of range of motion; because of his treatments and injuries, he lost his seniority and had to leave the Marines 10 years earlier than he had originally planned. At trial, the defense admitted liability, but counter-argued that the impact was not severe. A high-low agreement was entered and the marine recovered $1 million.
It took an unbelievable seven years for this case to finally resolve; there is no doubt, during all that time, that the marine had periods of difficulty in making ends meet and satisfying important bills and expenses. While his case was pending, he might have been interested in checking into the possibility of obtaining lawsuit funding to help sustain his battle with the insurance company. This is a fast cash lawsuit cash advance that helps plaintiffs, financially, through long waits (like this seven year battle) for justice.
Litigation funding refers to a cash advance, given to a qualified plaintiff in expectation of his/her expected verdict or settlement. Typically, plaintiffs use a ‘lawsuit loan’ to pay medical bills and other important bills and expenses, while waiting for their cases to be resolved. With financial pressure relieved, they can turn down low or out of the question settlement offers from an insurance company.
It costs nothing to apply for a lawsuit cash advance and the applicant does not have to pay any upfront fees or make any monthly payments. Once they are approved, based on their case information, the legal finance proceeds are sent by check or by wire and the plaintiff will receive it in as 24-48 hours. It’s financial protection for plaintiffs while cases make their way towards settlements or verdicts.