Litigation Funding: A Financial Lifeline
| Litigation funding is designed to provide relief from the astronomical costs of engaging in a lawsuit. It is the most convenient solution if your case is still pending hearing and your personal finances are drying out, so that you are in a position to meet your living costs as well as fight your case. |
Litigation funding is a financial support which lets you fight for justice without having to worry about where the money will come from. It is obtainable for all kinds of cases, be it employment discrimination, personal injury, wrongful death or medical malpractice. Though litigation funding gives you cash advances, it is not exactly a loan. How it works is that the lawsuit loan company who provides you with this financial support is actually buying itself a portion of the settlement proceeds that will come your way once the lawsuit is settled. It means that you are given cash today to take care of your medical and day to day expenses, in lieu of a certain sum of money from what you would receive from a settlement.
If you are wondering what happens if you are not awarded any settlement money, do not fret. Litigation funding comes on non-recourse terms, meaning the money advanced to you is yours, even if you do not win the case. Lawsuit funding companies usually extend litigation funding when they feel your chances of winning a case are high. It is an investment for them, which could go either way; but for you, litigation funding can only be beneficial and nothing else.
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2010 Legal News:
How Are Documents Authenticated in Civil Lawsuits ?
 Courts get all the required information pertaining to a case from authenticated documents, like records, bills, letters and contracts. Any document that is offered as evidence must be produced in writing and submitted as evidence and for that, it is essential that the document has been duly authenticated.More...
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