Many people who have been seriously injured in an accident will receive a structured settlement. In simple terms, a structured settlement is a long-term payment arrangement alternative to getting one large sum awarded all at once.
What happens in cases like this is that the plaintiff is awarded a pre-determined amount of money, but it is allocated in specified amounts over a period of time. This keeps the defendant from going broke, however it may create a problem for you – the plaintiff. Since you are not able to access all the money at once, and may have enormous bills to deal with, you may face losing your house, ruining your credit or even bankruptcy.
If you’re faced with this kind of difficult situation, call Litigation Funding Corporation and ask us about a structured settlement advance. We can offer you a full or partial buy-out of your structured settlement; you’d get money in advance of the scheduled payment, and be able to use the cash, pronto.
The process requires you to sell your structured settlement to a company or investor for one large payment. In this instance you would not get the full amount of your settlement; while this would assist you in paying your bills, it may be costly. You may only sell your structured settlement with approval of a judge, in court. Think carefully about this option.
Weigh your options carefully; talk to your attorney if you are considering a structured settlement buy-out; call us for valuable, professional information. We’re happy to answer any questions you may have. Please call us from anywhere in the United States at our toll free number 1-866-LITFUND (548-3863) during business hours.