Pre-settlement funding Florida
Pre-settlement funding is a type of lawsuit funding, which can be availed by the plaintiffs while waiting for a settlement of their lawsuit case. This legal funding option has been especially designed to help the claimants in minimizing their financial pressures, so that they can sustain the lawsuit till the final verdict comes. In order to consider a claimant’s request for cash advance, lawsuit funding companies first look at the type of lawsuit case and need some basic case information. They also contact the attorney, in case they require more information about the case. The cases involving a personal injury to the plaintiff because of the negligence of the defendant are easily approved for such funding.
Lawsuit cases that get legal financial assistance
The lawsuit cases, in which the claimant has personal injuries in an auto accident, usually get approval for pre-settlement funding. In most of such case, the plaintiff gets injured due to the fault of the defendant. The negligence may be of any kinds, such as the person driving might be drunk, or talking on phone while driving, or crossed a red signal, which leads to serious injury. As the traffic accidents are very common, the claims of this kind are too. With cash advance, the plaintiff can easily pay their medical expensed and daily-living expenses, while waiting for the settlement of the lawsuit case.
Other lawsuit cases that generally get pre-settlement funding are industrial accidents owing to the fault of the employer, medical malpractice, dog bites and nursing home negligence. This legal financial assistance enables the claimant to meet the expenses of their medical treatment and living and lost wages. The claimant gets the fund amount, while the settlement is still pending or in progress. After winning the lawsuit case, the plaintiff has to repay the borrowed funds to the lawsuit funding company. But, the claimant is not liable to for repayment to the lender, if he loses the final verdict.
Pre-Settlement funding is also given in the lawsuit case involving slip, fall or other accidents at a construction place due to the negligence of the owner. With various construction projects carried by several companies at their site, this kind of cases are also very common. The possibility of filing such cases increases, if the site is highly dangerous or it lacks proper functional warning system. Therefore, the cash advance is easily granted to the claimant with this kind of claim.
If you have been injured due to the intentional or negligent acts of another, you may be entitled to file a lawsuit. If you wish to file a lawsuit, you should contact an experienced lawyer to examine the merits of your case. Lawsuit financing in the form of a pre-settlement cash advance may be available to individuals with solid legal cases and who are in need of immediate cash to tide them over until they receive proceeds from their suit.
In a civil lawsuit, a plaintiff who claims to have incurred loss as a result of a defendant’s actions may demand financial compensation, or what is often referred to as damages. Compensatory damages require the defendant to pay back to the plaintiff money lost as a result of the defendant’s actions, and may include compensation for pain and suffering. Putative damages refer to a monetary punishment the defendant must pay to the plaintiff for grossly negligent, malicious, reckless, or intentional acts. Courts limit the amount plaintiffs can recover in punitive damages.
Judgments and Verdicts
If the plaintiff is successful in proving his or her case, a judgment will be given in the plaintiff’s favor, and a court order may be issued to enforce a jury award. Even when a plaintiff has a solid case, arguing it at trial always involves some degree of risk, since it is never certain how a judge or jury will decide. To reduce the likelihood that a lawsuit is lost at trial, the parties to a lawsuit often attempt to reach a settlement agreement before the trial begins. Case that do go to trial often take at least a year or two to reach a conclusion, whether by settlement or verdict.
Unfortunately, plaintiffs usually have medical bills and living expense piling up which can put them in the unfortunate position of needing to accept a settlement offer well below what their case is actually worth.
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