Litigation Funding Blog
September 8, 2016
A 25-year-old man was on the balcony of a friend’s Chicago apartment when he leaned against the railing and felt it detach from the building. “There was no sort of horseplay going on. It was just three fellas outside having a conversation,” said his attorney. As the rusty railing gave way, he grabbed another part of the balcony. He fell 16 feet to the ground, landing on his feet – most likely because he was able to get his hand on the beam before falling. He underwent several surgeries due to two broken heel bones, a burst fracture in his lumbar spine and a broken right wrist. Three years later, this once cross-country runner, is limited in the type of high-impact activity he can do. He will likely experience some degree of pain at the injury sites for the rest of his life.
The victim filed a lawsuit against the property manager Lakeview Associates Inc. and property owner LA Burling LLC in July 2013, alleging maintenance officials failed to inspect and repair the defective balcony so it would not give way under an individual’s normal use and failed to warn invitees of its dangerous condition.
Both defendants contended that the victim either knew or should have known the railing was not intended to support his weight. The case was mediated in December 2014, but a settlement could not be reached. During the litigation process, it was discovered that maintenance crews painted over the railing’s rust at least five year prior to the incident. Lakeview later admitted negligence, although LA Burling denied all allegations throughout the litigation. Two days into the trial, the case settled for $4.5 million, the largest porch collapse settlement in Illinois history, according to a news release.
“If the property owners had properly maintained the balcony, and ensured that it was up to code, our client would not have suffered the injuries he did,” Patrick A. Salvi II said in the news release. “I hope this case can serve as a reminder to property owners and managers that safety must always be a priority.”
Litigation is costly and timing consuming; this case took three years to reach a settlement. The victim was seriously injured, he faced numerous surgeries and seeking a college degree was put on hold. He may have been left in a devastating financial situation, especially with mounting medical expenses and the inability to obtain an income. Although his case ultimately settled, he may have struggled financially for years.
In any lawsuit, it is not only important for a victim to win his/her case, but it is equally important to maintain financial stability without settling too early, for too little. This may be possible by securing lawsuit funding against their pending lawsuit. When someone is seeking a settlement advance for a personal injury claim, they oftentimes use the funding to help pay for associated expenses, such as medical bills or tuition costs. Funding can also be used as leverage, allowing their attorney extra time to negotiate a fair settlement.
A lawsuit cash advance is based only on the merits of the case and not on credit standing. Repayment would occur if, and only if, recovery was made in the case. The application process is quick and easy, and can be done online. Once approved, funding can be available for use in 48 hours or less. Call Litigation Funding toll free, 1-877-377-SUIT (7848) or visit us online. A representative would be happy to answer any questions or assist you with processing your application.
September 7, 2016
An employee and his wife recently filed a lawsuit against Elevator Industries of Illinois, Inc., Standard Elevator Building Company; and Chicagoland Community Management Inc., alleging that an improperly inspected and maintained belt manlift resulted in injuries to the employee’s legs and feet. The plaintiffs seek judgment against the defendants in an amount greater than $50,000.
Elevator injuries are similar to premises liability lawsuits. The owner of a building is responsible for properly maintaining an elevator and if someone is injured as a result of negligent maintenance, the owner can be legally responsible for injuries.
When a person is the victim of an accident directly related to the failure or malfunction of an elevator, they have the legal right to seek compensation for damages. If it is found at the time of litigation that there was knowledge of a defect, but nothing was done to repair it, then liability will be imposed. To determine whether or not notice existed requires an investigation and discovery of all the facts. This can include maintenance and inspection records and the names of all parties responsible.
Elevator injury lawsuits are rarely straightforward, however. They can take a long time to resolve, leaving victims in a difficult financial situation. When that happens, litigation funding may be a viable option.
Litigation funding is a lawsuit cash advance that provides some financial security by covering the necessary expenses, such as medical bills, the mortgage/rent payments, car payments and ordinary household living expenses until a settlement can be obtained. The advantages of litigation funding over a bank loan is turnaround time and the risk factor. With litigation funding, approval can be obtained in as little as 24 hours because the only eligibility requirements are legal representation and a strong case. There is no risk to the funded client because the finance company is only repaid when the case successfully settles. If the plaintiff loses their case, they are not required to repay the cash advance.
If you are in need of a lawsuit cash advance, begin by applying online. Don’t worry about a bad credit history or unemployment. With Litigation Funding Corporation, those don’t matter. There are no monthly payments, either. Don’t wait until the bill collectors are calling. Take back financial control of your life today with the help of litigation funding.
September 6, 2016
A “personal injury” case is a legal dispute wherein one person is injured or harmed and another individual or company may be legally at fault for the harm that person incurred. These types of cases often take a significant amount of time to move through proceedings, which can leave the injured person in a precarious financial situation. If the injured person is unable to work, has reduced income, or has expenses associated with care or disability, it may not be possible to wait until a settlement is reached before obtaining funds. What is a victim to do? How does one make ends meet, financially, while battling a well-financed insurance company with all the time and money in the world? One option is to call Litigation Funding Corporation.
We provide lawsuit cash advances, known as litigation funding, to plaintiffs who are in a pending claim, including but not limited to auto accidents, slip and fall accidents, medical malpractice suits and product liability cases. The benefit of litigation funding is that the plaintiff gains access to funds in advance of a settlement. The money can be used any way the client wishes, but is typically to cover the mortgage or rent, car payments, medical expenses and ordinary living expenses.
This source of funding is provided with no-risk because unlike a traditional bank loan, we require no credit check, employment history, or monthly payments. We are only repaid once the case settles. However, if a funded client does not obtain a recovery on his/her personal injury case, we do not recover the advance.
If you have found yourself in a pending lawsuit and struggling financially to make ends meet, complete an online funding application or call our office. We will contact your attorney to obtain information about the case. Based on the information received, our underwriters will make a funding decision within 24 – 48 hours. If your case is approved for funding and you accept the offer, you and your attorney will sign a funding agreement. Then, we will wire the funds directly into your bank account or send a check via overnight mail. Remember, repayment is not made until the case settles, and if you suffer the misfortune of losing your case, you owe absolutely nothing.
Why Litigation Funding Corporation when there are hundreds of legal finance companies to choose from? We not only fund cases nationwide, our clients appreciate the following additional benefits of utilizing our services:
– Absolutely no “junk” fees or fees of any kind.
– Flat-fee funding approach.
– Guaranteed value of case compromise if case doesn’t achieve predicted value.
– Over 33 Years of legal and legal funding industry experience.
– Confidentiality amongst attorneys is maintained at all times.
– No meddling with your case or with how your attorney handles your case.
