pre-settlement funding in North Carolina 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 North Carolina: Benefits, Comparative Negligence, Insurance Limits, and Top Attorneys
Pre-settlement funding in North Carolina can provide the financial assistance needed for individuals facing long-term legal proceedings. It is a type of advance loan which is specifically used by individuals involved in lawsuits that may take longer than a few months to reach a settlement. This type of non-recourse funding allows individuals to receive a lump sum payment against the projected amount of their settlement. Individuals can then utilize the funds for basic living expenses and unexpected costs associated with the lawsuit.
The benefits of pre-settlement funding in North Carolina can be found in the fact that they free individuals from the burden of having to pay their own attorney’s fees. Through the use of this type of funding, individuals can also take advantage of North Carolina’s statute of limitations which regulates the length of time a person is eligible to file a lawsuit after suffering an injury. Additionally, pre-settlement funding allows individuals to move forward with their legal proceedings without falling behind on important life expenses such as rent and utilities.
In regards to the law in North Carolina, pre-settlement funding is subject to the comparative negligence rule. The law states that an injured party is still eligible for compensation even if they are partially at fault for the accident which caused the injury. However, the amount of compensation is diminished by the percentage of fault attributed to the injured party. For example, if an individual is found to be fifty percent responsible for their injury, they are still eligible to receive compensation, however the ruling will be diminished by fifty percent.
In North Carolina, insurance limits are another consideration when it comes to pre-settlement funding. The state law requires that all motorists must carry at least 30/60/25 coverage for both personal injury and auto accidents. The first figure of 30 represents the amount of compensation an individual can receive for bodily injury coverage per person. The second figures of 60 represents the amount of compensation an individual can receive for multiple bodily injury coverage per accident. Finally, the third figure of 25 represents the amount of uninsured or underinsured motorist coverage per person.
In terms of the best attorneys in the state for pre-settlement funding cases, there are a number of experienced professionals available. David Stradley is considered one of the best personal injury attorneys in North Carolina, and is well-versed in the nuances of pre-settlement funding. He has a long history of success in helping individuals receive the compensation they deserve. Also, Michael Raucci is another well-respected personal injury lawyer in North Carolina, who has successfully handled high-cost pre-settlement cases. Additionally, Robert Charles is known for his financial expertise in settlement funding cases and can provide expertise to individuals seeking the most advantageous solution.
Ultimately, pre-settlement funding in North Carolina can provide the financial assistance needed to individuals involved in lengthy legal proceedings and can allow individuals to stand on an even playing field against their opponents. The benefits are clear,and when obtained from experienced professionals, pre-settlement funding can provide the success individuals need to move forward.
