Can I receive pre-settlement funding for a premises liability case?
Premises liability cases require an injured person to prove that a landowner or property owner was negligent in taking precautions to protect people on or around their property. Those who are injured due to a negligent owner may be able to receive pre-settlement funding to help cover the costs of medical bills and other legal expenses that come with resolving a premises liability case.
What Is Pre-Settlement Funding?
Pre-settlement funding is a term used to describe a legal cash advance, also known as a lawsuit loan, provided to an injured person before their case is settled or resolved. Pre-settlement funding is based upon the expected outcome of the case, and can be used to cover medical bills, lost wages, and other living expenses associated with a premises liability case.
In some cases, pre-settlement funding can provide an injured person the financial relief they need to effectively fight for the compensation they deserve. These advances are often provided without the need for a credit check or collateral, and repayment is taken out of the settlement award.
What Is Premises Liability?
Premises liability cases involve a property or landowner who has failed to take proper precautions to keep visitors to the property safe. These cases can involve any manner of dangerous condition on or around the property, including improper wheelchair access, unmarked outdoor stairs or wet surfaces, inadequate lighting, and other unsafe conditions.
If an individual, or a family member, is injured on a property due to the negligent behavior of an owner, they may be entitled to compensation for their injuries and other damages. However, it can take time and resources for an injured person to resolve a premises liability case, which is where pre-settlement funding can help.
Does Pre-Settlement Funding Work for Premises Liability Cases?
Yes, pre-settlement funding can be a helpful tool for those who are negotiating a premises liability case. These legal advances can provide immediate financial relief to an injured person who is struggling with medical bills or loss of income as they try to settle their case. Pre-settlement funding can help remove some of the financial pressure associated with a long lawsuit process and allow an injured person to focus more time and energy on getting the compensation they deserve.
Although pre-settlement funding can be useful, it’s important to remember that these cash advances come with some risks. Pre-settlement funding is usually provided with high interest rates, and those who are unable to repay the advance may end up with more debt than when they started. It’s important to consider the risks associated with these advances before reaching out for legal funding in a premises liability suit.
Can I Get Help With Pre-Settlement Funding for a Premises Liability Case?
If you are considering pre-settlement funding to cover the costs associated with a premises liability case, you may want to speak with an experienced attorney who can help you understand the risks and benefits of legal cash advances. An attorney can explain the legal options available to you and provide guidance on how to obtain pre-settlement funding for a premises liability case.
Additionally, there are several organizations that provide pre-settlement funding for premises liability cases. These organizations understand the need for financial support during a long lawsuit process, and they can provide loans tailored to an injured person’s needs. Organizations such as Law Street Capital, Independence Law Fund, and Oasis Legal Finance can help injured parties receive pre-settlement funding while they work to resolve their premises liability cases.
In short, pre-settlement funding can be a useful option for those trying to negotiate a premises liability case. Although these cash advances come with risks, they can provide the financial support an injured person needs to properly resolve their case and receive the compensation they deserve. Experienced lawyers and organizations that specialize in legal funding can help those who may be interested in obtaining pre-settlement funding for a premises liability case.
