Let’s assume you have filed a personal injury lawsuit and are now facing a significant gap between the time the claim is filed and when a settlement is reached. In the meantime, you are out of work due to injuries and have a mountain of medical bills on top of your ordinary monthly expenses. How do you avoid settling for less than full case value when you need money now? Through pre-settlement lawsuit funding.
“Ed was in this situation last year,” says Mark Bello, CEO of Lawsuit Financial in Farmington Hills, Michigan. Ed was on his way to meet a friend for dinner. As he was proceeding through an intersection, a driver intending to turn left failed to yield the right-of-way and slammed into Ed’s vehicle. Ed suffered multiple injuries including a fractured patella, torn ligaments in his right knee, a traumatic brain injury and lower back injuries. He is undergoing treatment and rehabilitation; his disabilities left him unable to return to work. It was a difficult time for Ed, but fortunately lawsuit funding was able to assist with his financial needs while he waited for justice.
Ed’s situation is not unusual. In many cases where a lawsuit will take months, even years, to settle, the issue of being able to pay the bills may become an issue; an issue that could drastically affect how a case progresses. Plaintiffs in these situations may be eligible for a cash advance against their personal injury case. “This kind of pre-settlement funding eases the pressure to settle early and inexpensively. It also gives the attorney the precious time needed to obtain the fairest possible result,” states Bello. The non-recourse cash advance can be used to pay medical expenses, mortgage payments, tuition, car payments, grocery bills or ongoing daily living expenses. There are no restrictions on using the cash advance. Non-recourse funding means that if the plaintiff loses the case, he is not obligated to pay back the cash advance.
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Disclaimer: This article is a paid advertisement prepared by Lawsuit Financial Corp. and does not constitute legal or financial advice from Online Legal Media or LawyersandSettlements.com.