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Lawsuit Financing: Another Tool For
Plaintiffs and Attorneys
Lawsuit Financing is divided into the three areas described below
and they are all tied to the timing of the lawsuit itself:
The most common use of the funds is to avoid foreclosure or eviction from a home or repossession of a car. Often these hardships can put pressure on the Plaintiff to push for an early settlement even though extending the negotiations would very likely be in their best interest. Insurance companies recognize this and can take advantage of the circumstances by dragging out the settlement process. Presettlement funding can be used to offset these imbalances in our legal system brought about by limited financial resources. Recently coverage has been extended by the addition of a new product called "Deposition Funding". This can be used to cover deposition out of pocket expenses including fees. Appelate Funding applies when the plaintiff receives needed funding during the time between the original favorable judgement and the appeal hearing. All forms of presettlement funding are non recourse, i.e., if the case is lost, neither the plaintiff nor the attorney is liable for the costs. Many attorneys add the cost of this funding into the basic reimbursable costs of the suit when determining damages and repayment is not made until the case is resolved. While due diligence necessarily involves review of the case, there is never any interference in either the case or the attorney-client relationship and no legal advice is ever offered. More information is available on our Frequently Asked Questions Page and you may submit a request for review of your eligibility by calling Toll Free (800) 480-3928 or by completing our simple Online Submittal Form. |