Case Settled Funding

When a plaintiff wins a settlement for a personal injury or commercial litigation case oftentimes they think they will receive payment within a few weeks after the settlement. While this may be true for some cases very seldom is it true for the majority of cases. Case settled funding is a type of advance that allows a plaintiff or attorney the ability to receive monies before a payment is received. Like other types of lawsuit funding options, case settled funding is non-recourse.

When a case reaches a settlement the defense will agree to pay the plaintiff the agreed amount of money for damages. The money is typically paid out in a lump sum or over a period of time also referred to as a structured settlement. This money is used to help pay for damages caused by the defendant to the plaintiff. Depending upon the agreement with your lawyer the plaintiff will agree to pay the attorney a percentage of the winnings. The remainder of the money will be paid out to the plaintiff. When a person requests case settled funding they are interested in getting money prior to receiving payment for their case.

Lawsuit funding can also be paid out to plaintiffs going through an appeals process. When a verdict is reached the defense may have the chance to appeal the decision. This can mean that the plaintiff will need to wait till new evidence is presented and the appeals process is complete. Settlement funding can also be used against appellate cases as well. This means while your case is going through the appeals process a plaintiff will have the ability to secure funding during this lengthy process.

Case settled funding is typically paid quicker than that of pre settlement funding. Since the case has already reached a verdict the rates are generally lower as well.

If you are currently searching for lawsuit funding for a case that has already reached a settlement, begin by applying online for a post settlement lawsuit loan with LawLeaf. Our lenders compete for all settlement loans regardless of the type of funding.

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Friday, November 20th, 2009 Lawsuit Loan

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