Is Plaintiff Funding Right For You?
We understand that being involved in an accident and not having the financial resources in place to sustain, can be stressful time in anyone’s life. As bills begin piling up and the unwillingness of the the defense to settle the claim out of court, many people have no where to turn. The idea of settling a case for less than the fair value may become an option, although not the option you may prefer. At LawLeaf a large majority of cases we review on a daily basis come from plaintiffs stuck in this very situation. The question you may be asking yourself today is if plaintiff funding is right for you.
Plaintiff funding is a way to help pay for bills while a case is still pending. It gives the plaintiff the leverage of not entering into early settlement by allowing them a cash advance against future compensation from their case. Plaintiff funding is also non recourse meaning if you happen to lose your claim you don’t have to pay back the money borrowed. Plaintiff funding can also serve as a financial resource to cases that have already been settled and compensation is on its way. This type of advance is called post settlement funding. When a person reaches a settlement with the defense or wins a verdict, payment may be months out. As a result some plaintiffs can’t wait months before compensation is paid. They may also be provided with funding against future compensation. Post settlement funding generally provides the best rates of all cases within the legal funding industry.
If you are currently in a financial bind and need money in order to keep your case alive, plaintiff funding may be right for you. At LawLeaf we provide plaintiff funding for both personal injury and commercial litigation claims.
For additional information visit LawLeaf today.
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I am a plaintiff in a lawsuit against a bar. I was in a brawl or got caught in the middle of one. My lawyer told me that we were going after the insurance company, bar owner etc. etc. I have been waiting for this thing to settle now for almost a year. I am going to apply with your company and would like something answered while waiting for a response. Does your companies providing funding for these types of cases? We have been offered a settlement from someone (my lawyer is very vague) but it was way too low for us. Will the rate be better because I read something about settled cases and how the rates are much better.
A settled case would mean you have accepted the agreement from the defense. Your case would still be considered pre settlement because the case hasn’t reached a settlement. We do provide funding for assault and battery cases.