Litigation Funding Blog
April 30, 2018
A 23-year-old woman underwent a splenectomy in 2012 to treat an anemic disorder, but doctors allegedly failed to properly diagnose and treat a post-surgical blood clot. The plaintiff filed a medical negligence lawsuit.
The jury found that the radiologist and treating surgeon were both negligent in not identifying and treating the patient’s portal vein thrombosis — a clot that forms in the blood vessel that carries blood from the intestines to the liver. The clot was not discovered for several weeks, despite the patient’s prolonged stay in the hospital, several trips to the E.R., a CT scan, stomach pain and a fever. The woman still suffers from the effects of the blood clot and now requires lifetime medical treatment and care.
The young woman may have benefitted from pre-settlement funding, also called litigation funding or a lawsuit loan. Litigation funding is a cash advance which can be used to support a plaintiff’s financial stability until their case is heard or a settlement is reached. The only requirement for eligibility for a lawsuit loan is a strong case and attorney representation.
When unexpected financial problems arise as a result of someone sustaining a personal injury, Litigation Funding Corporation can help the victim and their family deal with any financial difficulties. The application for pre-settlement funding can be done online or over the phone, and the process is hassle-free and user-friendly.
Once the plaintiff’s application for pre-settlement funding is approved, funds are sent within 24 – 48 hours and can be used immediately for medical bills, mortgage and recurring living expenses, such as utility bills.
Litigation funding does not require monthly payments and there are no upfront fees. Repayment of a lawsuit cash advance is only required when the case is resolved in favor of the plaintiff. However, should the plaintiff lose the case, the cash advance is altogether waived.
April 17, 2018
The widow of a country music star filed a wrongful death lawsuit against the makers of a helicopter that spun out of control and crashed, killing all onboard.
The lawsuit names three defendants, the helicopter companies, and claims that they failed to make Model 269 crashworthy, despite knowing the same model, but a military version, had been updated several years earlier. Court documents claim that at the moment the helicopter took off, the throttle cable jammed, throwing the engine into high gear.
The lawsuit states that due to engine defects, the helicopter could not enter autorotation, did not disengage from the transmission as expected causing the rotors to slow to an unsafe speed, causing the craft to immediately drop to the ground.
A wrongful death suit can be filed when a loved one is killed due the negligence of another party or parties. These claims, however, can take years to settle, leaving family members financially strapped. If there are no other sources of funding, such as life insurance or a sympathetic relative, the plaintiff may be eligible for litigation funding, also referred to as pre-settlement funding.
Litigation Funding Corporation assesses the potential case value and case success to determine if they can provide a plaintiff with a lawsuit cash advance. The primary goal of strategic litigation financing is to remove or reduce the financial pressure on plaintiffs who often settle too soon and for too little.
The litigation funding, application process is simple and if approved, the lawsuit cash advance can be available quickly. Upon approval and a signed contract, the funds can be sent within 24 – 48 hours by check or by wire. The plaintiff can use the funding immediately to pay medical bills, funeral expenses, monthly financial obligations or other costs. A lawsuit cash advance is 100 percent risk-free. If the case is lost in court, litigation funding clients do not need to repay the cash advance.
Litigation Funding Corporation underwrites hundreds of transactions such as this one. A lawsuit cash advance may also be available for auto accidents, premises liability lawsuits, medical malpractice claims, product liability cases, and airplane and train crashes.
Need financial assistance for a pending personal injury or wrongful death lawsuit? Call 1-866-548-3863 to discuss your funding needs. We would be pleased to help you obtain justice.
April 12, 2018
Every year, thousands of people file personal injury lawsuits. However, waiting for a settlement can be financially devastating. While recovering from injuries, it is can be difficult to think about how to pay bills and put food on the table. Many people don’t know that there is an option to get through a pending lawsuit. It’s called litigation funding.
Litigation funding, also known as lawsuit funding, is a risk-free cash advance against a pending lawsuit. All that is needed to be eligible is a strong case and attorney representation. Once we receive a completed one-page application, a funding specialist will gather case information from the plaintiff’s attorney. The amount of the cash advance is based on the strength of the case and the projected settlement. We don’t ask what you are planning to use the money for – it is yours to spend as you need or want.
Litigation Funding Corporation does not look at credit standing, collateral, or special assets when making a funding decision. There are no monthly payments; the cash advance is repaid once the case is settled. If, however, the case is lost, we completely waive repayment.
If you are in a personal injury lawsuit and the added financial strain is making it more difficult to pay even the ordinary household bills, give us a call or fill out our one-page application.
