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or lawsuit settlement funding

 
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PostPosted: Sun 5:56, 27 Oct 2013    Post subject: or lawsuit settlement funding

The most common reason for plaintiffs settling a lawsuit out of court is living expenses. That's right; the party initiating the lawsuit will often settle for far less than the suit was filed for simply because they run out of money.Rather, the justice system, like everything else in our society, runs on money.And if you have none, then usually you are out of luck and may no longer have a case,[url=http://www.arthilscher.de]hollister[/url], even if nothing else about your situation has changed.
That's why litigation funding has grown so rapidly in recent years. Litigation funding, or lawsuit settlement funding, operates on a simple principle: offer the plaintiffs in a case money to keep the lawsuit pending, and in the end they will win much, much more than the big company opposing them offers to settle for at the beginning. In fact,[url=http://www.agentparadise.com]woolrich outlet online[/url], the average case that goes to verdict and receives a compensation award will be many times the amount that the other party offered the plaintiff before the case began litigation.
Litigation funding levels the field so that you,[url=http://www.jeremyparendt.com/jimmy-choo.php]jimmy choo[/url], as the individual litigator,[url=http://www.arthilscher.de]hollister online shop[/url], have a chance to compete with the corporate conglomerates and corporations.
Their deep pockets ensure that they are willing and able to drag the case out as long as possible in order to strangle a smaller settlement amount out of the plaintiff. By getting a cash infusion through litigation funding,[url=http://www.sandvikfw.net/shopuk.php]hollister outlet[/url], plaintiffs are able to continue their lawsuit through to a verdict.
Litigation funding is no-risk for the plaintiff,[url=http://www.teatrodeoro.com/hollisterde.php]hollister[/url], because it is non-recourse-that means that if the plaintiff loses the case, they don't have to pay back the money. All the risk is assumed by the litigation fund lending company. You can use your pre settlement cash for anything you choose,[url=http://www.ktbruce.co.uk/mulberrysale.php]mulberry factory shop[/url], from medical expenses to school tuition to just plain putting food on the table while you wait for a settlement in your case. It's your cash to use as you like, and there are no restrictions or rules regarding it.
However, unless you are one of the wise 3 in 10 Americans who have a three-month emergency fund,[url=http://www.giuseppezanottipaschere.com]giuseppe zanotti pas cher[/url], you probably have few other options. It's important to keep in mind the larger picture here. If your lawsuit amount is for $100,000, and you take out a lawsuit loan for $10,000, even after you subtract lawyer's fees (probably in the neighborhood of $30,000) you still walk away with nearly $60,000! That much money will pay for a lot of medical expenses. And it's far better than the $10,[url=http://www.agentparadise.com]woolrich outlet milano[/url],000 or $15,000 the other side would have offered you at the beginning of the lawsuit.
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