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Litigation Funding Blog

Litigation Funding is an Option for Plaintiffs with Mounting Debt during a Pending Lawsuit

February 3, 2017

If a truck accident has been caused by the failure of the truck or its parts, components or systems, the carrier, distributor or manufacturer may be liable for accident victims’ injuries and other losses. The failure of a truck’s parts, systems, etc., could be a maintenance issue, which would likely make the carrier responsible. But if the failure was caused by a defect that was there from the start, a product liability claim may seek to hold the manufacturer and distributor accountable.

The legal process can be complicated when pursuing the recovery of monetary compensation in a product liability case. That is why it is critical to have an experienced trucking accident attorney on your side who can uncover the facts and achieve the maximum damages award. But, tracking down the source of a defective part or component can be a time-consuming process in itself. When time is not on your side financially, litigation funding can be a lifesaver.

An Alabama family has received $16.8 million after a family member was killed in October 2013 after he lost control of the log truck he was driving overturned.

Cab guards are meant to prevent shifting cargo from contacting the cab of heavy trucks. According to the lawsuit, the cab guard failed. When the load of logs on the truck shifted in the crash, they breached the truck’s cab and struck the driver, killing him instantly. Additionally, the trailer support beams failed to contain the truck’s load in place, allowing it to shift forward, and the trailer had no cab guard attached to it.

According to the court order, the jury found in favor of the plaintiff, noting that the cab guard on the truck was defective in design, manufacture, and warnings.

Wrongful death accidents such as this one often cause immediate and long-term financial problems for family members of the deceased. When that happens, legal finance services can provide both immediate and long-term financial assistance. This service, known as litigation funding, helps plaintiffs pay medical expenses, funeral and burial expenses, and ongoing monthly bills during the litigation process. It is easy to apply for a lawsuit cash advance online or by phone and there are no costs or fees associated with the application. There are also no monthly payments, credit checks, or employment verification. Repayment is contingent upon the outcome of the case; if the plaintiff loses their case, the lawsuit cash advance is waived in its entirety. That is correct; the plaintiff would owe nothing. Where else can you obtain a “risk-free lawsuit loan”? If approved, the lawsuit cash advance would arrive within 24-48 hours by check or by wire.

If you have been injured or lost a loved one due to a product defect or corporate negligence, consult an attorney immediately to help you file your claim. Once you are in a pending lawsuit, if you need financial assistance, consider litigation funding. It may be the difference between settling for less too early and waiting for a fair judgment later.

In a Pending Lawsuit, Pre-Settlement Litigation Funding Can Make a Difference

June 9, 2015

Every day innocent victims are injured or die due to the negligence of someone else. It can be the result of an auto accident, medical malpractice, nursing home negligence, or product liability. When people think of filing a lawsuit, they anticipate the settlement but fail to consider the time it might take to achieve justice. In the battle for monetary damages, insurance companies have significant economic advantages over injured plaintiffs and often use plaintiffs’ economic hardships to their benefit. To help with financial obligations, plaintiffs can deplete savings or borrow the money from family or friends, both risky options. A risk-free alternative is pre-settlement litigation funding.

For plaintiffs with lost income and mounting expenses, litigation funding is sometimes their only access to cash; many victims do not have good credit and/or income to qualify them for a traditional loan. By removing a plaintiff’s financial burden, litigation funding enables a lawsuit to be resolved on its true merits. The best part of all, a pre-settlement cash advance is contingent upon the outcome of the case. That means if the plaintiff loses their case, they do not have to pay the money back. Litigation Funding Corporation does not require credit checks or employment verification. Instead, funding is based solely on the strength of a case. Once approved, funds can be available within 24 -48 hours.

Finances shouldn’t be a pressing concern during a lawsuit. If you have a pending lawsuit and need quick cash to cover outstanding bills, don’t let the wealthy defendants – big business and insurance companies – force you to settle for less than your case is worth. Litigation funding could be the lifeline you need to level the playing field and wait for justice.

Pre-Settlement Lawsuit Funding Supports Defective Product Lawsuits

September 25, 2014

Product manufacturers have a responsibility to ensure their products are safe, as well as warn consumers of potential dangers. When consumers buy a product on the store shelf or in the showroom, they assume the product is safe. Unfortunately, this is not always the case.

Millions of people injured every year by defective products – toy, drug, equipment, vehicle, etc. – can be affected physically, emotionally, and financially. If the accident or injury could have been prevented, if the manufacturer had published warnings, or if the product was somehow misleading, victim may be entitled to compensation.

A defective product lawsuit may take time to settle. During this time, a plaintiff may not have enough money to pay the bills, especially if the injuries meant the inability to return to work. Pre-settlement funding may be available to meet financial needs while waiting for case settlement. This type of cash advance can be an essential asset because funding can be available quickly. Unlike traditional bank loans, there are no credit checks, employment verifications, or monthly payments. The only requirement is a guarantee of repayment once the case settles. If the plaintiff loses, the lawsuit cash advance is completely waived.

If you are the victim of a defective product and have file a personal injury lawsuit, don’t let the bills pile up and ruin your credit. Apply for pre-settlement lawsuit funding and you could be paying your bills in less than 48 hours.

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