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Posts Tagged ‘lawsuit funding’
Wednesday, January 25th, 2012
According to the Advocates for Highway and Auto Safety, over 5,000 people each year are killed and almost 150,000 are injured by truck crashes. Truck drivers are a road hazard not only because of their vehicles’ size but also for their sleeping habits, and many accidents happen every year as a result of this. The victims of these crashes must deal with medical bills, lost wages, on top of their usual expenses and if they decide to pursue a lawsuit, legal bills as well. In order to see the money from the lawsuit helping them during this time, plaintiffs can seek a lawsuit loan to get cash from their lawsuit quickly.
Along with dangerous sleep deprivations, another frightening problem with truck drivers include cases of sleep apnea. According to the The Federal Motor Carrier Safety Administration, approximately one-third of commercial drivers suffer under this condition. Sufferers of sleep apnea end up groggy during the day even if they get the recommended amount of sleep, so this creates a dangerous situation for truck drivers and the people they share the road with. Unfortunately, when these accidents result in injury or death, victims often experience physical and mental pain and loss of earning capacity along with the expenses of medical treatment and lost wages.
If these effects are the result of negligence, the victims may have the option to sue and receive damages to recover these losses. But even then—victims have to endure these struggles until the lawsuit concludes. This means legal bills on top of everything. Lawsuit loans provide an option for defendants to get cash from their lawsuit, meaning that life can get back to normal sooner rather than later.
If a company knowingly hires a sleep apnea affected driver and that driver operates a vehicle without effectively treating his apnea first, they are putting people in danger. In the case of an employee driving negligently, the company is liable. This means the plaintiff must go up against a company with more resources and time to fight their case in court. Considering that the plaintiff has bills adding up, and debtors don’t typically patiently wait for long court cases to conclude, this often convinces the plaintiff to settle for a smaller amount than if they were to take the case further. Lawsuit loans allow plaintiffs to take control of their finances while they fight for a fair settlement.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
 Tags: lawsuit funding, lawsuit loan, lawsuit loan company
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Thursday, January 19th, 2012
The typical reasons for taking out a personal loan include automobile financing, home improvement, and other everyday financial situations. But what about the plaintiff? A person who finds themselves strained financially during a lawsuit falls under a very unique category, and personal loans may not be the the right solution. Lawsuit loans, however, are tailored to the needs of a plaintiff. A few problems that plaintiffs have with personal loans include:
1. A plaintiff can be turned down because of unemployment or a bad financial history. This results in a catch-22 for plaintiffs. They need money because due to a personal injury, wrongful termination, debt accumulated during the lawsuit, or another reason related to their case, and yet they don’t qualify for a personal loan for these same reasons. Banks don’t take the lawsuit into account when reviewing an applicant for a personal loan but looks at employment and financial statistics instead. A lawsuit loan company specializes in examining the lawsuit as collateral when reviewing an applicant.
2. You could lose collateral. They usually require something as used as collateral—an expensive item like a car or home—and if you lose the lawsuit and can’t repay the money, your collateral could get taken instead. Not only could the plaintiff lose the lawsuit, but their home or car as well.
3. Securing a personal loan can take time and effort. As previously stated, banks don’t specialize in these kinds of circumstances. Banks have the luxury of waiting to approve an applicant. The problem is, a plaintiff doesn’t have that luxury. Medical bills, mortgages, and other expenses can’t wait around forever. Sometimes, plaintiffs even settle for a lower amount of money because they have urgent expenses and can’t afford to fight for a larger settlement. SMP Advance Funding only takes 24-48 hours to review your case. Then, the money can be wired to you or through a check sent by mail. Applying for a lawsuit loan online is fast and easy.
4. Plaintiffs typically have legal fees that may make banks uneasy. When banks review an applicant for a personal loan, their financial history is considered. The enormous legal fees involved in a lawsuit can make a plaintiff look like a risky personal loan candidate. This is expected from applicants of lawsuit loans, however, lawsuit loan companies consider your case based on the strength of the lawsuit alone.
5. Banks aren’t as familiar with the legal process and may require loan repayment before the case is settled. The terms of a personal loan don’t usually take into account the time frame of the lawsuit, especially considering settlements usually drag on into unknown time frame. Lawsuit loan companies expect repayment upon resolution of your claim.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit funding, lawsuit loan, lawsuit loan company
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Wednesday, January 11th, 2012
Healthcare professionals take an oath before being sent out into the workforce to do no harm. However, these professionals are human, and mistakes are going to be made. But sometimes, doctors and other healthcare providers make mistakes that can be classified as negligent. If you have suffered because of medical malpractice, a lawsuit loan could help your finances during your malpractice lawsuit.
The results of this negligence varies; medical malpractice cases are often pursued because of botched surgery, anesthesia, misdiagnosis, or other complications. It is not only doctors that can be sued, but also nurses, hospitals, nursing homes, chiropractors, pharmaceutical companies, and even dentists. Malpractice often gets flack in the media for frivolousness, but the truth is, there are many justified malpractice cases, and the practice is important because it keeps doctors accountable for negligence.
A plaintiff in a medical malpractice lawsuit must show proof of the healthcare provider’s negligence. There are a few elements to this proof:
—The provider owed a duty to the patient. This is basically the doctor-patient relationship. If the physician, pharmacist, dentist, nurse, etc. was treating you, then you were owed a duty of care.
—The extent of the duty that was owed breached a “reasonable professional” standard. This means that a competent provider would not have made the same mistake in a similar situation. This is the more difficult area to prove, because, as previously stated, providers are people, and people make mistakes. This element of proof is supposed to differentiate between a mistake and a negligent mistake. If a provider in a similar field within the same setting would not have made that mistake, then it breached this reasonable standard.
—This breach resulted in injury. If a provider makes a mistake but the patient escapes unharmed, then they cannot sue for malpractice. However, there are some grey areas to this element, such as how some cases have been made for a breach that caused emotional harm rather than physical harm.
—The plaintiff suffered as a result of this injury. This is referred to as damages. This can include aforementioned emotional distress, wages lost due to injury, pain, medical bills, or, unfortunately, funeral costs.
Although emotional damages are difficult to recover from, lawsuits can help plaintiffs recover financially. However, these lawsuits often drag out, and in the meantime, the plaintiff must pay medical bills on top of regular financial responsibilities. To make things worse, he or she may be out of work because of the injury! This can add to the emotional stress. Lawsuit loans can get the plaintiff cash from their lawsuit now to help stay afloat during a time that is both emotionally and financially difficult.
About the Author: Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit www.smpadvance.com.
Tags: lawsuit funding, lawsuit loan company, lawsuit loans, medical malpractice
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Thursday, April 14th, 2011
This is one of main questions that Lawsuit Loan applicants ask when calling a Lawsuit Loan company. The amount of information needed by the Lawsuit Loan company usually varies on the type of case or claim filed.
In general, the information that an applicant has to provide is limited to his personal information, contact information and some basic details with regard to the case (such as an accident description, injuries and treatment obtained to date). The attorney’s contact information will also have to be provided (a Lawsuit Loan company will not provide a loan if the applicant is not represented by legal counsel). The client will usually have to answer some questions regarding liens and what expenses the Lawsuit Loan will be used to fund. Lawsuit Loans do not require income or credit verification.
The information that will be requested from the applicant’s attorney may be significantly more specific. In addition to completing a general case-type-specific information form, the attorney will be asked to provide further evidence of the strength of the lawsuit. These may include the filed Complaint, some medical records, settlement offer records, workers’ compensation filing documents and a police/accident report. The attorney will also have to provide information regarding any liens that are or may be attached to the case/claim.
The more information that the Lawsuit Loan company has to work with in determining whether an applicant will be approved for a Lawsuit Loan, the better the chances of being approved. Prior to calling the Lawsuit Loan company, the applicant should have most of his case information on hand and be prepared to answer basic questions regarding the case/claim.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: lawsuit funding, lawsuit loan, lawsuit loans
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Thursday, April 14th, 2011
In a lawsuit, there may be several types of liens, other than Lawsuit Loans, that must be paid when the case settles, prior to disbursing settlement funds to the plaintiff.
Attorney’s Fee – In cases where the attorney’s fee is only paid if the case is successful (otherwise known as contingency fees), the attorney’s fee is essentially a lien on the proceeds of the case. These terms are sometimes negotiated and memorialized in a retainer agreement signed by the attorney and the client. This agreement is most commonly seen in personal injury cases. The fee usually ranges from 20% to 40% of the total recovery. Of importance for purposes of Lawsuit Loans is that the attorney’s fee is superior a Lawsuit Loan.
Letters of Protection – Similar to the above, letters of protection are usually found in personal injury actions where there is extensive medical treatment. Basically, a letter of protection is a written acknowledgment, by an attorney, that his office will protect the medical provider’s lien for medical treatment rendered. It is unclear whether these acknowledgments take priority over lawsuit funding transactions, but nonetheless, Lawsuit Loan companies pay special attention to outstanding medical bills when underwriting a case.
Federal Tax Liens – By law, the presence of Federal Tax Liens take priority over other liens in the file including Lawsuit Loans. And this should come to no surprise to anyone since Uncle Sam wants his money first. These liens will typically attach to the proceeds and may have to be directly deposited with the IRS or other Federal Agency as full or partial payment of these obligations. In some instances, these amount can be negotiated down in an effort to settle a case.
Child Support – Most state laws require the presence of child support liens be superior to Lawsuit Loans. Child support liens are negotiable only in extremely rare cases. The presence of these and all other liens sometimes hinder settlement negotiations as the plaintiff suddenly realizes that he is pursuing his case to pay off his creditors. Under these circumstances, what is the plaintiff’s incentive to settle?
Lawsuit Loan companies know that verification of the existence of any of the above liens is crucial when considering whether an applicant is qualified for a Lawsuit Loan. These liens do not necessarily disqualify a person from obtaining a Lawsuit Loan but they will definitely reduce the amount of the Lawsuit Loan given.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: lawsuit funding, lawsuit loan, lawsuit loans
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Tuesday, February 15th, 2011
Millions of individuals, families, couples and friends travel the road via motor vehicle every day. Accidents involving motor vehicles such as: cars, trucks, motorcycles, etc occur each and every day. Unfortunately these types of accidents can cause traumatic injury that may requiring filing a lawsuit or claim.
In these such occurrences, the cost of hiring an attorney, traveling to and from court cases, and the incoming medical bills can start to add up. Legal funding, also know as lawsuit funding or pre-settlement funding, can be an easy solution to stabilizing the finances in your situation, until the case is settled, and/or a settlement proceeds.
Legal teams around the globe are now finding auto accidents that create severe injury, and or fatalities to be a huge concern and regular filing of claims. Fatalities, especially involving automobiles and motorcycles are becoming more and more regular, causing families of lost or harmed individuals to proceed with filing a lawsuit.
There are also those that have a severe case, but choose to not follow through with pursing a claim against the party at fault. This can be because the family does not have enough money to request assistance from a legal team. It may also be because the overwhelming flow of medical bills has become so large, other family members are having to work overtime to compensate for the lost income.
In any event, legal funding can secure a family or individual’s financial situation so that they can proceed with filing a suit and fighting for justice for their case. There are often situations where individuals do not even realize the extreme injuries that will shadow their lives indefinitely.
Some individuals that are hurt in car injuries, or motorcycle accidents go back to work right away, then as months progress, or even years, the injuries re-appear. This can effect the work schedule and pay an individual will receive thereafter, as well as adjust the flux of income that will have to support that individual and their family.
When considering legal funding for a motor vehicle accident, consider that latter effects on a couple or a family. The stresses financial debts can put on a family can be overwhelming and straining. Legal funding can be approved in as little as twenty-four to forty-eight hours, and can lessen the blow of such a tragic occurrence.
The most important information one can know regarding legal funding for a motor vehicle accident, is that the lawsuit loan does not have to be paid back to the legal funding team until the settlement proceeds. This means – nothing to lose. With that in mind, if you or somebody you know has been injured in a motor vehicle accident, it doesn’t hurt to further your knowledge about lawsuit funding, or to call a legal funding team for answers.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: auto accident law, fatal accidents, fatal crashes, lawsuit funding, legal funding, motor vehicle accident claims
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Thursday, February 3rd, 2011
Personal Injury can formally be defined as an injury that occurs to the emotional status, physical status or mental status of another individual. This is opposed to injury or damages to property; as it directly relates to the individual them self. This personal injury occurs when caused by a negligent act on the part of some other person or persons. These types of accidents and injuries can happen at any time, and are in some instances truly detrimental. In the case that an individual would want to move forward in taking legal action against the negligent party, lawsuit funding or a lawsuit cash advance may be needed to proceed.
What exactly is a personal injury, or what could be seen as such in a court of law? There are several types of injuries that can occur due to the negligence of another. This list may include, but is not limited to:
* Car, bus, truck or motorcycle accidents
* Accidents within a swimming pool
* Toxic or lethal mold
* Accidents occurring due to a railroad, train or train car
* Dog or other pet bites
* Incidents with aviation
* Assault and/or battery
* Occurrences at amusement or animal parks
* Accidents resulting in slips or falls
The list continues on, although the determination as to whether a suit is legally a personal injury, is determined within a legal process. Why is legal funding or a lawsuit loan important when one or more of these instances occur to you or your loved one? There are many costs that are involved with taking a case to court, as well as the injury issues and bills that will re-occur for some time until a suit is settled. It is sometimes also the case that an individual cannot return to work, which may make it difficult for the other partner to financially secure the family. This can lead to a build up of bills, including the possibility of a bankruptcy outcome.
The suit itself may require a large sum of cash to proceed also. With the cost of legal representation, possible trial dates, formal clothing, etc. the costs do add up. Until then, one must also worry about medical bills, doctor’s visits, and the possibility of continued or increased injury or illness.
Lawsuit loans can be an easy solution to moving forward with a case that has harmed you or your family. It never hurts to call a legal funding professional to get an opinion as to which road is best for you. If you do choose to move forward with a lawsuit loan, it takes as little as one to two days to get qualified by a legal funding team. In only having to return the loan after the settlement proceeds, there is nothing to lose.
If you, your spouse, or a family member has recently suffered a personal injury, and wishes to proceed with a legal claim; be informed of your financial options, with lawsuit funding and your personal injury.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com.
Tags: lawsuit funding, legal funding, personal injury claim, personal injury lawsuit loan
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Wednesday, January 26th, 2011
Medical malpractice has become a more common occurrence amongst victims of wrongful medical treatments, diagnoses of illness or disease and now wrongful drug administration. Lawsuit funding is an easy way to alleviate some of the financial stresses of a victim and their family while hiring an attorney, and paying current bills while still suffering from such malpractice.
Lawsuits can take anywhere in the realm of a few weeks to even months or years to settle. Within this time frame the victim may seemingly suffer financially with additional medical bills as well as the possibility of not being able to return to work. For a family’s protection of assets, as well as some financial stability until the lawsuit settlement proceeds, legal funding is a stellar option.
Lawsuit loans can vary in amount depending on the trial and the situation. Lawsuit loans are determined as to the predicted outcome of the settlement. With respects to medical malpractice, there are a plethora of possible suits that may arise. Some of the cases that occur most are:
*Late or Failure to Diagnose
*Errors in Medication Dosage and Type
*Malpractice Relating to Surgery
*Injuries Occurring in the Process of, or Due to Birth
*Nursing Home Negligence or Wrongful Treatment
*Malpractice due to Wrongful or Incorrect Dosages of Anesthesia
Although the cases for medical malpractice are endless, lawsuit funding can be an easy way in which to travel the process, before obtaining settlement proceedings. Legal funding is also a no risk way in which to get cash for your lawsuit fast. The funding company only receives their loan back (including a fee for supplying the loan) if the settlement proceeds.
Some of the most common entities or individuals that are sued in medical malpractice cases are as follows:
*Doctors
*Nurses & Nurse Practitioners
*Anesthesiologists
*Surgeons
*Pharmacists and/or Pharmacies
*Hospitals
*Chiropractors and/or Chiropractic Centers
*Psychologists and/or Psychiatrists
*Nursing Homes
Medical malpractice is a serious occurrence that can devastate the financial stability of a victim and their family. Lawsuit funding can help. Approval takes between twenty-four and forty-eight hours, and financial stress can begin to minimize soon thereafter.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com
Tags: lawsuit funding, legal funding, legal loan, medical malpractice, medical malpractice lawsuit loan
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Tuesday, January 18th, 2011
Workers compensation claims can be a devastating financial blow that may take resolution time consisting of weeks, month or even years. Lawsuit loans (also known as lawsuit funding or legal funding) can assist in minimizing that burden for the victim, the victim’s family and often times the future of the victim in the work world. It is always best to understand first, what a workers compensation claim is, so that if and when it does occur, the victim is knowledgeable about his or her options with respects to lawsuit funding.
Workers compensation applies as a claim mandated by each state. Rules and regulations as to what is considered a workers compensation claim varies by area. Generally speaking, a workers compensation claim occurs when an injury or illness takes place at a claimant’s work site location, in the course of that claimant’s work duties. This injury or illness often times prevents a claimant from returning to work and may effect the future of his or her work in the same field. Again, dependent on the state and their regulations, what may be a work comp claim in Nebraska may not have the same claimant benefits as that of a work comp claim in Illinois.
Also, dependent on the state and/or claim, a lawsuit funding company may or may not approve the funding. This is because some states, such as: Hawaii, Kansas, North Carolina and/or Oregon give the winning settlement directly to the victim, as opposed to the attorney or trust. This does not secure the idea that a lawsuit funding company will immediately receive their payment back for the legal loan. Although, as workers compensation has regulations dependent on state, so do legal funding companies. It is always best to discuss with a pre-settlement cash advance team whether or not your claim may be approved (even if you are located within these states).
Also within the category of workers compensation claims, is a third party liability claim. This claim is somewhat like that of a workers compensation claim, as it occurs at or in the course of a an individual’s work. Although, in this case, the injury or illness was brought about by a third party. In this instance, lawsuit funding still may be required to get a just settlement due to the victim and/or the victim’s family. The injury or illness resulting from a third party liability claim may keep the individual from work, while also having the financial burden on top of the stresses of settling the case with an attorney.
Lawsuit funding is a no-risk way in which to secure a victim’s family and minimize the financial strain when a workers compensation or third party liability claim is in effect. The legal funding team only asks for their return funding (and a fee for the pre-settlement lending) if the settlement proceeds. This means, for the victim, legal cash advances are a win-win situation.
Along with finding an informative lawyer in which to assist in the filing of a workers compensation claim, one must also consider lawsuit funding. As a no-risk way in which to better the life for you and your family after an injury or illness occurs, it is no wonder lawsuit funding has become so helpful and popular over the recent years.
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com
Tags: lawsuit funding, legal funding, work comp lawsuit loan, workers compensation
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Thursday, January 13th, 2011
A wrongful death lawsuit can financially devastate an individual, spouse or family, without the proper lawsuit funding to proceed with a case. It is often the situation that a family conclusively settles for far less than the wrongful death is worth financially and emotionally, for the remaining family members. There are several factors that determine a wrongful death, but consulting an attorney regarding laws, regulations and funding information is always in the best interest of the victim’s family or spouse.
What types of wrongful deaths may require pre-settlement funding? A victim’s family may have suffered a family member’s death with respects to: a defective product, medical misdiagnosis, a drunk driver or even an explosion. There are several additional causes of wrongful death, that can be discussed with a lawyer. Each case is different, and is be treated as such, respectively.
The bottom line is that the family or spouse left behind from such a tragedy, not only may suffer financially, but also emotionally. Considering the loss of a companion is a price-indefinite due. Also, if that individual was the head of household, their death may result in foreclosure of a home, loss of vehicle(s), incredible loss of monthly income or lack of proper childcare services.
The immediate funding necessary to complete a formal funeral in itself can also be quite pricey. Remaining medical bills can also lead to a pile of stress, due to collectors consistently calling and mailing information about amounts due. This is not fault of the loved one’s family, but an unfortunate situation they are, in turn, left with.
Legal Funding is an easy way in which to alleviate stress both financially and emotionally after the wrongful loss of a loved one. By calling a legal funding expert, an individual can apply for pre-settlement cash loan that is determined by calculating an estimation of the settlement amount. A portion of that amount is then given to the family seeking retribution for their loved one(s). Getting approved for legal funding can take as little as twenty-four hours, and having the cash in hand can be just as quick.
What are the risks of applying for a lawsuit cash advance? None. Legal funding experts will analyze your specific case, and listen to any information you wish to declare. They will determine how much your settlement will deliver, and give you a portion of that cash as soon as possible. Stresses can be greatly minimized by having the proper funding to distribute to your attorney or legal representative, along with paying all current funds due.
When your case is won, the money can easily be returned to the funding company, along with a fee for the lawsuit loan company. Legal funding is often recommended with respects to wrongful death suits so that family or spouses can pursue what is rightfully due to them. In only having to repay lawsuit funding if you win the wrongful death case, what do you have to lose?
Steven Medvin is the Executive Director of SMP Advance Funding, LLC, which provides lawsuit funding to individuals who need a lawsuit loan for pending lawsuits. For more information please visit: http://www.smpadvance.com
Tags: lawsuit cash advance, lawsuit funding, legal funding, wrongful death, wrongful death claim
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