Protect Your Valuable Assets and Save Your Valuable Case with Lawsuit Funding

You were seriously injured in an auto accident. The insurance company is denying your claim, so you consult an attorney who ultimately takes your case. After you've hired that lawyer and decided not to give up, you begin to wonder: "How am I going to pay my bills? How can I fight this huge, well-financed and powerful insurance company when I can't work and have no income or savings?"

Lawsuit Funding can be a valuable tool for plaintiffs and, if used correctly and strategically, can be a revenue enhancement tool. One example I like to use to demonstrate this point is the case of a Detroit, Michigan woman who was seriously injured in an auto-truck crash when the truck driver fell asleep at the wheel and suddenly veered into her lane. She suffered serious and disabling injuries, as well as emotional trauma due to the extent of the accident. One of her children was killed. This mother was a physically and emotionally unable to work, and unable to otherwise support herself, her kids, and her case. Her bills and expenses began to accrue and her house payments were several months behind. The bank even threatened foreclosure. The insurance company offered $500,000 to settle her case. Instead, her lawyer recommend lawsuit funding. After her case was carefully reviewed, a series of lawsuit cash advances were recommended. The first, $30,000, went to pay her past due mortgage bills and other important obligations. Because physical and emotional issues continued to disable her from working, the funding company worked with her to create a monthly draw equal to her monthly expenses. Less than a year later, the case resolved for $2.1 million; the lawsuit funding advance was repaid from the case proceeds.

This case underscores the need for, and power of, lawsuit financing in serious injury and wrongful death litigation. Lawsuit funding is a great equalizer; the money that cash-strapped plaintiffs need to get from an earlier stage in the lawsuit to its conclusion. A well-placed non-recourse cash advance will often prevent the plaintiff from being forced to settle early and cheap; it levels the playing field and gives plaintiffs the staying power to slay Goliath.

How is lawsuit funding different from a traditional bank loan? First of all, there is no credit check or credit 'hit'. Employment history is also not required. Unlike a traditional bank loan, there are no monthly payments which would only increase a plaintiff’s financial distress. Most importantly, unlike a traditional bank loan which must be paid back no matter what, a lawsuit cash advance is only repaid if the case succeeds. If the case fails, the litigation funding company loses its capital investment; the plaintiff owes nothing!

There are many legal finance companies to choose from. If you are seeking lawsuit funding, make sure you do your homework and compare funding companies. If one seeks to assert control over the litigation in question, that is an unethical practice and, probably, a breach of the contract. Further, an ethical lawsuit funding company will not seek profit at a level that prevents fair settlement. The ethical lawsuit funding company will provide an appropriate compromise, when necessary, to facilitate a fair settlement to all.

Lawsuit Financial provides lawsuit funding for most personal injury and wrongful death cases, disability cases and other insurance cases. We have more combined litigation and litigation funding experience than any other company in the lawsuit finance marketplace. Even if you are considering lawsuit funding from another company, call us at 1-877-377-SUIT (7848) for a free, no-obligation consultation regarding your lawsuit and your lawsuit finance situation. The call is free and the advice could protect your valuable assets and, above all, save your valuable case.

Rail Worker Dies Because Company Continued To Cut Corners And Ignore Safety Rules

Under the Occupational Safety and Health Act of 1970, employers are responsible for providing safe and healthy workplaces for their employees. Failing to do so can result in serious or deadly consequences. Additionally, failure to ensure compliance with, or simply ignoring, OSHA regulations can result in hefty monetary fines, as well as possible criminal prosecution.

Federal investigators recently concluded that routine safety precautions may have saved the life of a worker at the Port of New Orleans Rail Yard who suffocated inside of a chemical tank on October 8, 2015. Three men on a cleaning team were working inside the tank when they became deprived of oxygen. One worker managed to escape and call for help. When firefighters arrived, the other two men were pulled from the tanker; one was semi- conscious and responded to oxygen, the other was unresponsive and without a pulse. All three workers were taken to the hospital where the unresponsive man later died. He left behind six children.

The Occupational Safety and Health Administration (OSHA) found Dedicated Tank Cleaning Services (TCS) failed to test the air quality inside the tanker before the three employees entered the tank, and failed to mandate that the workers attach a lifeline to their harnesses to allow a rescue. This is the fourth time OSHA has found Dedicated TCS in violation of federal safety standards. In April 2012, the agency issued eight serious violations at the company's location in Channahon, IL. In May 2012, inspectors found nine serious and two willful violations at its Lansing, IL location. Another Channahon investigation in July 2014, resulted in four serious and seven repeat violations. The prior violations resulted in penalties exceeding $221,000.

In the latest incident, Dedicated TCS faces $226,310 in fines for two willful, three repeat and four serious violations. “Willful violations can lead to criminal charges. The company has 15 business days from receipt of its citations to comply, request an informal conference with OSHA’s area director, or contest the citations and penalties before the independent Occupational Safety and Health Review Commission.

In addition to the fines and a potential criminal lawsuit, Dedicated TCS could face civil lawsuits as well. Such cases often take years to settle. The tragedy alone often has a financial impact on victims especially when the family's principal means of support is gone. Strategic lawsuit financing can remove financial pressure to settle early and cheap so that victims receive the compensation they deserve.

Lawsuit funding is based solely on the merits of the case; credit rating or job status does not matter. The application process is simple and if approved, the lawsuit cash advance can be available within 24 - 48 hours. After a plaintiff’s application has been approved, lawsuit funding dollars are sent quickly and expeditiously either by wire or by check. When the plaintiff receives that money, they immediately pay off their medical bills, funeral expenses, or any other costs associated with the accident and/or deal with their usual regular financial obligations. Because it is a non-recourse cash advance, if the plaintiff loses the case, repayment is completely excused.

If you are in a pending personal injury or wrongful death lawsuit and need financial assistance, lawsuit funding might be a good fit for you. Contact Lawsuit Financial! We will evaluate the prospects for case success and potential case value and fund an amount that comfortably fits within that value.