What is a Lawsuit Loan?

Many people are in find themselves in the difficult position where they need to hire a lawyer, but they just can’t afford the extreme fees. For example, a lot of people find themselves in a situation after a horrible disaster where their insurance company is not paying them anywhere near what they are owed. Because of all the bills they have to pay, many people simply assume that they cannot afford a lawyer, and that they are stuck paying for all of their repairs and possibly hospital bills on their own.

A lawsuit loan is a way for people in this type of situation to get help. A lawsuit loan is a loan that is given to a client of Lighthouse Legal that will pay for their legal expenses during a case. It can cover a variety of legal, document, and court fees. For example, if a person has recently been the victim of a car accident and the other person’s insurance company will not give out what they need to pay their medical bills, replace their car, and compensate them for pain and suffering, a lawsuit loan will cover all of the costs of their lawsuit. This means that the victim can focus on getting their life back on track, and let the professionals at Lighthouse Legal work on winning their case.

The best part about taking out a loan such as this is that the victim does not have to pay back the loan if he or she loses their case. If they win their case, the costs of the lawsuit loan are simply deducted from the amount of the settlement or award. This means that the victim does not have to worry about paying back a loan that he or she will not have the money for. Certainly there is no better way to achieve what you need during a trying event!

How Lawsuit Funding Prevents Financial Loss during Personal Injury Claims

Personal injury claims and lengthy settlement cases can drain financial resources quickly. Our lawsuit funding program provides a financial solution for victims who are struggling to stay afloat while waiting for a settlement check.

The Damaging Financial Effects of Personal Injury

Debilitating injury and financial problems go hand and hand for most victims. Even if a plaintiff has proven their claim, settlement payments can take a considerable amount of time to be processed. While forced to take time off work and seek medical care, bills can pile up quickly.

Because of lost wages, new medical expenses and growing household debts, waiting for a settlement can result in a downward spiral toward bankruptcy. If a personal injury has put you in a hole that seems impossible to climb out of, our services can provide the financial ladder that you need to get back on track.

Image of injured man in a waiting room.

How Lawsuit Funding Works

If receiving a settlement is just a matter of time, we can improve your financial situation by providing all or part of the money that you’re entitled to.

These resources can be used to pay for the general costs of living, outstanding debts or to take the settlement claim further to secure a larger payment. Having received settlement funding through our program, you’re only required to repay the advance after you’ve settled the case successfully.

With the financial assistance of lawsuit funding, you can have the time and resources that are needed while the case is being actively disputed.

Protecting Assets and Personal Property

If you’re waiting for a personal injury settlement without active income, our advance can be used to protect valuable assets from seizure or repossession. With this assistance, you will never have to worry about being kicked out of your home or losing your car because you can’t afford payments.

While you continue to wait on a settlement, bills will be steadily piling up. From mortgage payments and car notes to utility bills and living expenses, lawsuit funding will allow you to live comfortably until the settlement check arrives in the mail.

Discrimination Against Physically and Mentally Disabled on the Rise

Whether it’s workplace or legal, discrimination against the physically and mentally disabled is on the rise. A recent lawsuit in Pennsylvania included a man who was fired from his job due to a debilitating medical condition. In the case, the Pennsylvania man was diagnosed with multiple sclerosis and was allegedly fired from Akorn Inc., an international pharmaceutical company, last month due to his medical condition. Mark Stahmann claims in the lawsuit that he was fired four days after he notified the company he had a “very serious medical condition” that would require him taking time off for medical testing and treatment, according to a complaint filed last week in Superior Court in Somerville. “The plaintiff was a highly regarded employee at Akorn and his personnel record reflects consistent and sustained exemplary reviews,” the lawsuit reads. “The true reason for his termination was the plaintiff’s age, disability, perceived disability, and taking medical leave.”

Discrimination Against Physically and Mentally Disabled on the Rise

Another class-act lawsuit involving legal discrimination of the mentally ill involves a case where hundreds of mentally ill inmates in Pennsylvania languished for months and even years in isolated cells. This federal lawsuit accused state prison officials of punishing the mentally ill for head-banging, hallucinations, and other psychotic behaviors instead of getting them the medical care needed. Similar lawsuits were filed across the country in recent years, in states including Virginia, Colorado and New Mexico.

Unfortunately, such cases are not uncommon. More and more lawsuits are being filed due to discrimination and mistreatment of the physically and mentally disabled. Because many of the plaintiffs often find themselves out of work, it can be difficult to carry on such lawsuits and plaintiffs often find themselves settling with the defendant in order to receive their settlement. However, if you find yourself in a similar position, you should keep in mind that there is help out there available to you such as lawsuit funding to you can receive the settlement you deserve.

Workplace and legal discrimination due to someone’s physical or mental state is illegal and it’s important to find the legal help you need if you feel you’ve been discriminated against.

Funding Commercial Litigation with a Lawsuit Loan

Commercial litigation is a broad term used to identify disputes and controversies involving business-related issues that end up on court. It comprises everything from cases involving a breach of contract and shareholder derivative suits to disputes between owners or partners of a business enterprise.

Why Business Disputes Often End in Court:

Money
There are a number of reasons that business disputes often end up being relegated to a court of law, one of the most common of which is that there is money involved. People are much less apt to compromise when money is at stake, and the more money there is, the more impact it will have on the company in question if it is lost.

Facts
Commercial or business-based disputes frequently involve complex issues and conflicting facts. A skilled attorney is needed to appropriately advocate for a company or individual involved in such a dispute. The complex information can only be clearly understood through the dispassionate intervention of and the right attorney and a fair judge.

Emotion
Emotion is another reason that business disputes often result in litigation. In the end, sentiment in commercial interactions and transactions simply cannot be downplayed. People care about nothing as passionately (outside of their family) as their vested business, professional or commercial interests.

How Lawsuit Funding Can Help

Commercial litigation can be a costly endeavor and in some cases, a business or individual does not have the ready cash necessary to pursue or defend against these matters in court. In such situations, people can apply for a lawsuit loan to aid in funding a case to protect their legal rights and interests. These funds can help the company pay for the attorney or, in the case of an individual fighting a commercial entity, pay for the person’s living expenses until they have received a settlement.

Under the terms and conditions of a lawsuit loan, the debt is satisfied or paid off from the proceeds of the commercial litigation. In other words, a company or person that receives a settlement can pay back the loan amount from the funds; if no settlement is awarded, the plaintiff owes nothing. Considering the cost and other negative effects of litigation, having a financial support system in place is incredibly important and lawsuit funding is a convenient and low-risk option.

How Law Firm Funding Can Help You

Law firm funding, also known as an attorney loan is an advancement made to help fund an ongoing personal injury case and is used to help pay for expenses on the case such as expert witnesses. Law firm funding has become very popular over the past few years due to the increase in the number of cases in the U.S. Before law firm funding was made available, many people turned to credit cards and personal loans when suffering financially from personal injuries. Oftentimes, the plaintiffs involved in personal injury cases cannot make an income and don’t have much credit available, making legal funding a great choice for them.

Oftentimes legal funding has a lower rate of interest than a fee credit credit card out there and is non-recourse. You can help your clients with law firm funding. Consider the following questions when considering an attorney loan:

• Do your clients often ask about litigation funding to get by until they receive their settlement money?
• Are your clients pressuring you often to settle too quickly so they can receive their settlement payment?
• Have premature settlements caused you to lose money?

If you’re looking to save time and money, this might be the right answer for you and your clients. When taking advantage of law firm funding, you will have more time to build your case for a larger settlement – we just need to approve your client.

Questions about law firm funding? Contact Lighthouse Legal today toll-free at (800) 767-2274.

Lawsuit Funding Can Help Plaintiffs Fund Accident Litigation

Winter brings cold, snow, and icy conditions. With the appearance of bad weather comes the increased risk of traffic accidents, some of which can result in injury to you through no fault of your own. What will happen to you if you are involved in an accident and have legal bills but cannot work?

This is where our lawsuit funding services come into play. Your case can take months, or even years, to get through the legal system. Defendants and their attorneys can delay the process even longer. In the meantime, you still must consult with your own legal counsel and pay other bills associated with the accident. Our detailed lawsuit funding program can give you peace of mind, giving you the cash you need while you are unable to work to help pay for the litigation as well as many other expenses.

Vehicle accidents are typical of the types of personal injury lawsuits where this type of funding comes in handy. In these cases, plaintiffs are looking for a monetary settlement to alleviate the pain and suffering from their injuries. The process to obtain that settlement costs money. Often, plaintiffs do not have funds immediately available to them. Defendants count on this possibility and use it to push through out-of-court settlements where plaintiffs settle for less than what they originally anticipated. By obtaining funding from our company, however, your attorneys will be able to take the time needed to develop a sound and thorough case to obtain the settlement you seek, rather than settling early because you need the money quickly.

In addition to attorney and other legal fees, lawsuit funding can help you pay for living expenses, health care, car and mortgages payments, and similar expenses. Once you have hired an attorney for your lawsuit and filed a claim, you are ready for the funding application process. Retain your peace of mind with lawsuit funding and put yourself on the path to the best possible legal settlement.

Lawsuit Funding Helps Plaintiffs Avoid Financial Stresses

Funding can help eliminate some of the stress associated with the financial aspects of a lawsuit. If you have been the victim of an accident, workplace injury, medical malpractice or assault and battery, you may be able to seek compensation for your trouble. Lawsuits, however, can be very costly, and these expenses can sometimes prevent victims from seeking the legal help that they need to get the money that they deserve.

Attorneys may charge fees for looking up and reviewing records, time spent obtaining depositions, costs associated with investigating your case and even time spent talking to you, whether in person or by telephone.

If you have not budgeted for such expenses, or if you do not possess a large income, finding the money to pay for these costs up front can be challenging. Worse, it can often be hard to deal with living expenses and legal fees at the same time.

It can be especially difficult for victims of medical malpractice and workplace accidents to make ends meet because they often have to pay medical expenses on top of bills and legal fees. For instance, a recent John Hopkins publication showed that a patient who loses a limb due to medical malpractice, for instance, might face upward of $80,000 for reconstruction and upward of $90,000 for an amputation. Facing legal fees on top of such hefty medical bills is impossible for many.

Furthermore, some victims find that even after financing their own lawsuits, they end up losing in court. Often, this means that they pay a substantial amount of money and receive very little in return.

Lawsuit funding can help alleviate some of the worry and strain that accompany legal proceedings. It provides victims with a cash advance, so that they can continue to pay for their living expenses, while still pursuing their right to justice. One of the biggest advantages of this funding is that if a plaintiff loses the case, he or she owes nothing and is able to keep the money that was advanced, meaning that the person won’t lose everything and then have to pay off a new loan in addition.

Lawsuit funding makes it possible for people to be properly compensated for the wrongs that were done to them. With money to help them afford their normal expenses, as well as any legal fees, plaintiffs can avoid crippling debt and allow their legal proceedings to run their natural course.

Getting a Lawsuit Loan Ahead of Your Legal Settlement

Are you in the midst of a lawsuit? If so, did you know you can get a lawsuit loan in advance of the settlement? Lighthouse Legal provides lawsuit cash advances so that you can have the funds needed to continue a case and pay your bills.

A lawsuit loan is not actually a loan at all, but a financial product that allows individuals to receive funds against their lawsuit judgment. This is not an unsecured loan – the cash advance is backed by the potential settlement award. Once the individual receives a monetary settlement, the money must be repaid. However, if the individual loses the case, the cash advance does not have to be repaid.

There are several types of lawsuits that are eligible to receive lawsuit loans, including civil rights violation cases, personal injury cases, and malpractice cases. Many individuals who need fast cash have been involved in some type of wrongful injury or accident. They are unable to work and pursuing the case because their insurance company or the negligent party has failed to award a satisfactory amount of money. This causes financial hardship until the case is settled. By applying for a lawsuit loan, the individual can pay their living expenses and medical and legal bills while pursuing the case.

Individuals who are interested in obtaining a lawsuit loan simply need to fill out a short application with their name and contact information, and their attorney’s name and contact information. We will fax the necessary forms to the individual and the attorney. Once the forms are filled out and faxed back to us, we will make a determination and award a loan amount. The cash amount given is subject to the potential award amount and can be anywhere between $250 and $100,000.

For more information on our lawsuit loans and to find out what types of lawsuits qualify for a loan, please give us a call. We look forward to working with you!

How Settlement Funding Can Help You Survive Court

At Lighthouse Legal, our ability to provide clients with pre-trial settlement funding is often the only thing that actually lets them take home a payment instead of a huge bill. It doesn’t matter if you’ve been clearly injured because of someone else’s actions or products; you never know how long it’s going to take to prove the circumstances and establish who’s at fault in a court of law. We can help make sure that however long it is, your case won’t drain your resources to the point where you have to quit or just soak up the legal fees yourself.

How Our Process Works

We give out special loans that don’t require repayment unless the case wins. That means that they’re essentially free of risk because the money our clients owe us comes out of the settlement checks themselves. In order to determine whether clients are eligible for funding, we evaluate their cases based solely on the evidence.

Our legal teams peruse documents like medical bills, proof of insurance coverage, police reports, and attorney-client retainer agreements to determine two things: we want to know how much the case will cost you so that we can help you get through it without emptying your bank accounts, and we want to know whether or not it’s likely to succeed with a payout. This enables us not only to determine how much money we can supply you, but it also lets us help you assess the merits of continuing with your case.

Remember, not every case can be a winner, and it’s important to know when to fold. Of course, you shouldn’t have to give up on your court case simply because external circumstances like your bills or high attorney fees prevent you from continuing. Our settlement funding programs were designed to ensure that you can keep on fighting for your restitution for as long as it takes to win. Settlement funding can cover medical expenses, provide comforts to ease chronic pain, and, above all, ensure that you continue to enjoy a decent quality of life despite being harmed.

Consider Commercial Litigation with the Help of Lighthouse Legal

Commercial law, also known as business law, is concerned with matters that generally involve a financial transaction. As such, commercial law often deals with matters related to real estate contracts, business and personal finance, contracts for services, and secured debts such as home mortgages. If a dispute arises during the course of such transactions, and a mutually-satisfactory resolution to the dispute cannot be worked out, it may be necessary to obtain the services of a commercial litigation attorney.

The recent economic recession has, in part, caused a dramatic increase in commercial litigation in a number of areas, and if you need help with such litigation, Lighthouse Legal is there for you.

Real Estate Purchases and Home Mortgages

The downturn in the housing sector revealed that many homeowners had been lured into contracts such as balloon mortgages or variable rate housing loans by deliberate deception on the part of a lender. In many cases, consumers were sold property with an actual value far less than its supposed “market value.” Those having reason to believe that they were the victims of predatory lending or purchased a home at a value far in excess of its “real” value may want to consider commercial litigation to recoup their losses or to place themselves in a more advantageous financial position.

Personal and Consumer Finance

Some unscrupulous businesses will offer what appear to be very attractive interest rates or other incentives to consumers but, at the same time, will often “bury” additional financial charges or conditions that can add additional costs that the purchaser may be unaware of. In such cases, the purchaser may be forced into commercial litigation to relieve themselves of the unfair financial burden imposed by such agreements.

Contracts

In addition to consumer purchase contracts, most of us have entered into contracts for things such as home improvements or services to be provided by another individual or a business. If the contractor fails to meet the terms of that contract, the other party can take legal action to force the contractor to fulfill their stated obligations. This is particularly true if the contractor deliberately misled the purchaser in matters such as quality of materials to be used or the contractor’s ability to deliver the services promised.

These are, of course, only general examples of what can be a serious breach of trust and legal duties. In all matters related to commercial law, the advice of a qualified attorney like those at Lighthouse Legal is essential when you are contemplating legal action to protect yourself against unfair or unethical business practices.