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Have you been the victim of an accident or industrial injury? Unfortunately people who are involved in accidents or industrial injuries are often left with no income during the litigation process. Even with competent aggressive representation the litigation process is quite slow. The fact is, unless the insurance company wants to settle your case, all your lawyer can do is file suit and wait on a judge or jury to ultimately make a decision. This takes time. Insurance companies are in the business of sitting on their money as long as possible to “starve” out plaintiffs. This is done so that they can try and make a cheap settlement with a desperate plaintiff. Most cases settle just before trial when the insurance companies finally come the to conclusion you and your lawyer mean business. There is an alternative to being “starved” out of your case:Non-Recours Legal Funding. Non-recourse legal funding simply means that you sell a right to your case in return for upfront money today. If you lose your case you owe NOTHING. There is no risk to you. However, you should weigh the benefits and cost of non-recourse funding prior to making a decision. The biggest drawback is that repayment of the advance could amount to a large portion of your net settlement over a long period of time. Generally if settlement is had quickly the amount of repayment is less. Notice: You should always exhaust other funding possibilities prior to non-recourse funding.
Such as: family and friends; possible advance from insurance company; or conventional lending.Talk to your lawyer about
possible alternatives. The Florida Bar prohibits your lawyer from advancing you money against your case for living expenses.
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© 2005 Florida Legal Funding, LLC. Winter Haven, Florida, USA.
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