Personal Injury Lawsuit Funding
Personal injury lawsuit funding allow victims who have suffered serious injury or the loss of a family member obtain a cash advance against the expected settlement of their lawsuit. The intent of personal injury lawsuit funding is to help victims in difficult circumstances who have exhausted their other financial resources. The cash advance on your personal injury case can be used anyway you choose, but the advances are usually used for the following.
- mortgage payments
- rent payments
- medical expenses
- car payments
- utility payments
- food expenses
- expert witness fees
There are no upfront fees and no monthly payments while you wait for your case to settle. If there is no recovery in your case, then you owe nothing back. You do not need to have a job. In fact many personal injury victims either are unable to work or have lost their jobs as result of the time taken off to get treatment for their injuries. Your credit score does not matter as long as you are not currently in Chapter 7 or 13 bankruptcy.
Some of the types of personal injury situations for which lawsuit funding can be obtained include (but are not limited to) the following.
- Car Accidents
- Truck Accidents
- Pedestrian Accidents
- Premises Accidents (slip and falls, dog bites, assaults allowed by poor security)
- Medical Malpractice/Negligence
- Work-Related Injuries (Workers’ Compensation in some states)
- Work-Related Injuries (Third-Party Cases)
- Work-Related Injuries (Railroad Workers covered by FELA)
- Work-Related Injuries (Maritime Workers covered by the Jones Act)
- Product Liability (Injuries caused by product design/manufacturing defects and unexpected drug side-effects)
- Wrongful Death
The types of injuries that qualify for personal injury lawsuit funding include (but are not limited to) the following.
- herniated spinal disks
- bone fractures
- lacerations from dog bites
- respiratory problems attributed to exposure to toxic substances in the air such as mold or chemicals
- shoulder injuries (e.g. rotator cuff and torn muscles)
- knee injuries (e.g. torn meniscus, torn ligaments)
- burn injuries
- eye injuries
- head injuries
- an injury requiring surgery
- loss of body part (e.g. amputations)
- injuries resulting in death
- soft tissue injuries (the advances on soft tissue injuries are usually smaller if these are the most serious injuries in the case because the overall case value is lower)
The following cases do NOT qualify for personal injury lawsuit funding.
- Cases where you were responsible for causing the accident
- Cases where the attorney is being paid by hourly retainer, or you are acting as your own attorney
- Cases where the settlement will be paid by a person rather than an insurance company
- Cases where the plaintiff (injured party) is a minor (under 18 years of age)
The documents we need to see for personal lawsuit funding include the following.
- attorney/client retainer agreement (optional)
- police/incident report (if exists)
- witness statements (if exists)
- video of incident (if exists)
- expert report (needed for medical malpractice, product design defects, health effects of drugs)
- complaint document (if a lawsuit has been filed-most cases are settled via negotiation before a lawsuit is filed with the court)
- medical records (e.g. emergency room reports, X-ray reports, MRI reports, CAT scan reports, surgical reports, doctors narrative reports describing status of injuries)
- death certificate for cases involving death
- proof of defendant’s insurance
- payoff amounts for any prior lawsuit funding advances you may already have
Several basic questions about lawsuit finding are answered on the page FAQ’s About Lawsuit Funding.
If you have additional questions, or if you would like to learn if your lawsuit qualifies for lawsuit funding, please click here to contact us