Need a Lawyer but Short of Cash

Posted by admin in LegalsJan 29th, 2009 | Comments Off

Life doesn’t always run as smoothly as we would like, nobody expects to be injured through no fault of their own, but these things do happen. Lawsuit funding cash advances are there to help alleviate some of the worry and stress that accidents cause. If you have recently been involved in an accident that was not your fault and don’t have the money to sue, then you may be entitled to a lawsuit cash advance. There are companies who will, once you have filled out an injury claim form, provide you with a list of companies who provide what is known as non-recourse funding, that is to say that you only have to pay the money back if you win the lawsuit. If you sue for compensation and are not successful in your claim then you would not owe the company any money.

Lawsuit funding cash advances are a way for people to get enough cash to cover medical bills, legal fees and even living expenses while they are making a claim. The use of no recourse loans means that people who would not ordinarily have the money or the no how to file for compensation, are now able to access the resources they need.

What is Lawsuit Funding

Posted by admin in Lawsuit FundingJan 1st, 2009 | Comments Off

Lawsuit funding is money that pays for legal expenses. Some lawsuit funding is given in the form of a cash advance to cover court and attorney fees as well as any other expenses you may have over the duration of the case. There are companies who specialise in providing lawsuit funding cash advances, and when you fill out a simple form detailing why you are seeking damages, they will explain the process to you without too much legalese – most of these companies will also provide you with a list of attornies who are qualified to deal with your case.

If you win your case for damages then your attorney will pay the lawsuit funding company a pre-agreed flat fee from the proceeds of the case, and the rest of the compensation will be yours. Should you not be awarded compensation, even on appeal, then your attorney will not be required to pay the company any money and neither will you. There is virtually no personal risk to you when you accept lawsuit funding, but if the case goes on for too long, as sometimes happens, then the attorney will have to pay the company the greater part of any compensation you are awarded.