pre-settlement funding in Massachusetts include topics of the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents and who the some of the top attorneys in the state
Pre-Settlement Funding in Massachusetts
Pre-settlement funding is an option for those who have suffered a personal injury in the state of Massachusetts. Pre-Settlement funding is also known as non-recourse financing, or lawsuit funding. Pre-settlement funding is a legal process where a line of credit is extended to a plaintiff from a third party company. The loan is based on the estimated value of the claim, or the expected compensation or damages from the lawsuit. The plaintiff can then use the money to pay for medical bills, car payments, and other bills. This can help alleviate some of the financial stress of being injured in an accident.
Benefits Of Pre-Settlement Funding
The key benefit of Pre-settlement funding is that it can provide financial relief during a lawsuit. It enables a plaintiff to access funds while they wait for a settlement. This can provide a great deal of stress relief as they are dealing with medical bills, missed work, and other financial issues associated with their case. Pre-settlement funding also preserves a plaintiff’s credit score and allows them to avoid bankruptcy.
In addition to the financial benefits, pre-settlement funding can provide an extra layer of protection for a plaintiff. The funding is considered high risk for lending companies, as the results of the lawsuit are uncertain. However, if the plaintiff does not win their case, the loan does not have to be paid back. This means that even if the case does not end in favor of the plaintiff, they will not be left with any additional debt.
Comparative Negligence
Massachusetts is a comparative negligence state, which means that a plaintiff can still receive a payout despite being partly at fault for an accident. The court will determine the percentage of fault based on the factors of the case and assign it each necessary party. The plaintiff’s degree of fault will then be subtracted from their total payout, which can affect the amount they will receive. Even if the plaintiff’s degree of fault is lower than that of the other parties, they may still be entitled to compensation. Pre-settlement funding can help ease the process during the case and ensure that the plaintiff is able to receive the amount they are due.
Insurance Limits For Personal Injury and Auto Accidents
The state of Massachusetts requires drivers carry a minimum amount of insurance coverage. This includes $20,000 per person and $40,000 per accident for bodily injury and $5,000 of property damage. If an injured person’s medical bills exceed this amount, then they may be able to file a lawsuit to receive additional compensation. Pre-settlement funding can help a plaintiff access the funds necessary to pursue a lawsuit for greater compensation.
Top Attorneys In The State
The state of Massachusetts offers a variety of options when it comes to attorneys. There are lawyers who specialize in a range of different areas of law, such as personal injury and auto accident law. Some of the top attorneys in the state include Rebecca Driscoll of the Driscoll Law Office, Richard Bogan of Bogan Law, and Jeffrey Wolf of Wolf and Wolf Law. These attorneys are experienced and knowledgeable in the field, and can provide quality legal representation for those seeking to pursue a lawsuit.
Pre-settlement funding can be a helpful option for anyone injured in an accident in Massachusetts. With the help of experienced attorneys and the financial security of pre-settlement funding, a plaintiff can access the funds necessary to pursue their case with confidence. With these tools, navigating a lawsuit can be made easier and less intimidating.
