Litigation Funding

Florida Motorcycle Accident Lawsuits: The Role of Litigation Funding

Posted on by Fast Funds
Florida Motorcycle Accident Lawsuits The Role of Litigation Funding
09
Oct

Motorcycle accidents can result in serious injuries, leading to physical pain, emotional distress, and financial burdens. For those injured in a motorcycle accident in Florida, the process of seeking compensation through a lawsuit can be long and complicated. While victims pursue justice, they often face mounting medical bills, loss of income, and other expenses that make it difficult to move forward. Litigation funding is one option that may help individuals involved in these lawsuits by providing financial support during their legal battle. At, Fast Funds , we are here to guide you through the legal process and help you navigate the complexities of your case.

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In Florida, motorcycle accident lawsuits can be challenging, and victims need to be prepared for a lengthy legal process. The purpose of filing a lawsuit is to recover damages that compensate for medical expenses, lost wages, and other financial losses. However, this process can take months or even years before a settlement or court decision is reached. During this time, victims may struggle to pay for their day-to-day needs while also covering the costs of medical treatment and rehabilitation. Litigation funding offers a lifeline in such cases, helping accident victims stay financially stable while their lawsuit progresses.

Understanding the Legal Process of a Florida Motorcycle Accident Lawsuit

When a person is injured in a motorcycle accident in Florida, they often have the right to seek compensation by filing a personal injury lawsuit. In such a lawsuit, the victim, known as the plaintiff, seeks to prove that the other party involved in the accident was at fault. This is typically done by showing that the other driver acted negligently or recklessly, causing the accident and the resulting injuries. The goal of the lawsuit is to obtain compensation for the victim’s losses, which may include medical bills, lost income, property damage, and pain and suffering.

The legal process in a motorcycle accident lawsuit can be complex. After filing the lawsuit, the discovery phase begins. During discovery, both sides gather evidence, such as accident reports, witness statements, and medical records. This phase is crucial in building a strong case, but it can also be time-consuming. After discovery, there may be settlement negotiations, and if the parties cannot reach an agreement, the case may go to trial. Throughout this process, the financial strain on the victim can increase, especially if they are unable to work due to their injuries.

- WHAT CLIENTS ARE SAYING -

In June, my wife and I asked our attorney about giving us a loan against any settlement proceeds from our case. He told us that the state bar does not
permit lawyers to participate in the financing of clients. The offer of settlement was very low so the case needed to be filed in court. I called Fast Funds. Within 24 hours, I had entered into an agreement with them, selling a very small portion of the anticipated proceeds to them in exchange for immediate financing. Now my suit is in court and I don't have to worry about money until it's outcome. Thank god for Fast Funds
B.G.
As a result of the advances you have made to our client, we were able to refuse an extremely low settlement offer and take the case to court. We settled the day of the trial for a very generous sum. Had there been no advances by Fast Funds, our client would have had no choice but to accept the inadequate offer since he was in severe debt due to his inability to work. Thank you for your helpful assistance in providing our client with the ability to persevere.
C.F.
I was involved in an accident which took my left leg. I was forced to live homeless for eleven months. Thanks to the Fast Funds people advancing money. I now live in an apartment,I am walking on a prosthetic and otherwise getting my life back together, even though my attorney has not yet settled my lawsuit. I don't know what I would have done for money because the insurance company has offered nothing so far.
A.R.S.
I was involved in an auto accident which caused me to suffer a herniated disc. Because of this injury, I was forced to miss many months of work. I had no income and no place or person to turn to for money. My attorney told me he was unable to help with any financing and the insurance company was refusing to settle the case. I turned to a company called Fast funds. They immediately reviewed my file and took the financial pressure off by providing me with interim financing. I am now able to wait for as long as it takes for my lawyer to achieve a successful result in my case. Without the financial involvement of Fast Funds, I don't know what I would have done.
K.P.
I wanted to thank you for your sensitivity in helping me cope through a very difficult time in my life. Without your help, I would have been unable to pay my rent , forcing my wife and children to be put on the street. I have not been able to return to work and I was tempted to accept the insurance company's very low offer to settle, even though I knew it was not fair or reasonable. You have given me the ability to withstand the financial pressures. Thanks for your help. I will never forget it
C.S.
I have in the past referred clients to Fast Funds Inc., a non-recourse company. The experience of my clients
and my firm were totally positive. Fast Funds was responsive to the clients financial and emotional needs, provided the necessary emergency money and did not interfere in any manner with my handling of the cases. The clients, without my input, negotiated the advance directly with the company. In each case, they were completely satisfied with the final result of the case, including the amount of profit earned by Fast Funds. Non-recourse funding is clearly a valuable tool to the plaintiff's attorney.
M.J.L.
"I am writing to recommend the valuable assistance of the Fast Funds Inc., a company that provided interim funding to financially needy clients. They help to insure that a case will be brought to a successful resolution. A good case in point is when I was offered $75,000.00 for a seriously injured client. Had she not been able to take advantage of the advance financing offered by Fast Funds, I would have been forced to take the money. As it turned out, because my client now had the financial ability to withstand the pressures of time, I tried the case to a jury and received a verdict of $315,000.00.
M.S.D.
It is my belief that non-recourse companies, such as Fast Funds, the company to whom I refer my needy clients, perform an invaluable service to both the client and the attorney. Simply put, it is common knowledge that one of the tools negotiation utilized by insurance companies is time. Offering
considerably less money than the actual case value to a client in desperate need of funds while the case is pending, gives the insurance companies a tremendous advantage. This advantage is minimized and the playing field is leveled when the client has the ability to obtain funds for a minimal portion of the anticipated proceeds. Many times, with no prospects of income, an injured party will settle the case for whatever offer is made.
R.J.F.

The Financial Strain of Motorcycle Accident Lawsuits

Motorcycle accidents often result in severe injuries, and the cost of medical treatment can be overwhelming. Victims may require surgeries, physical therapy, and long-term rehabilitation, all of which can be expensive. At the same time, they may be unable to return to work, resulting in a loss of income. This combination of mounting medical bills and lost wages creates significant financial pressure on accident victims and their families.

In addition to these direct expenses, there are also the costs associated with pursuing a lawsuit. Filing fees, court costs, and attorney fees can add up quickly. While many personal injury attorneys work on a contingency basis, meaning they only get paid if the case is successful, there are still out-of-pocket expenses that victims must cover during the legal process. These financial challenges can make it difficult for victims to continue fighting for the compensation they deserve.

How Litigation Funding Can Help Victims of Florida Motorcycle Accidents

Litigation funding is a type of financial assistance that is available to individuals involved in personal injury lawsuits, including motorcycle accident cases. This funding is provided by companies that specialize in offering cash advances to plaintiffs while their lawsuits are pending. The goal of litigation funding is to help accident victims meet their financial needs while they wait for a settlement or court decision.

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Applying For Lawsuit Funding

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One of the key benefits of litigation funding is that it allows victims to cover their medical bills, living expenses, and other costs without having to settle their lawsuit for less than what they deserve. Many plaintiffs feel pressured to accept a low settlement offer because they are in desperate need of money to pay their bills. Litigation funding gives them the financial flexibility to continue pursuing their lawsuit until they receive a fair settlement or verdict.

Litigation funding is not a loan. Unlike a traditional loan, plaintiffs are not required to repay the funds unless they win their case. If the lawsuit is unsuccessful, the plaintiff does not owe anything to the litigation funding company. This arrangement provides peace of mind to accident victims who are worried about taking on additional debt during an already stressful time.

The Process of Obtaining Litigation Funding for Motorcycle Accident Lawsuits

For victims of motorcycle accidents in Florida, obtaining litigation funding is a straightforward process. First, the plaintiff must apply for funding with a litigation funding company. The application typically involves providing details about the lawsuit, including the nature of the accident, the extent of the injuries, and the expected outcome of the case. The litigation funding company will then review the case and decide whether to approve the funding.

If approved, the plaintiff will receive a cash advance that they can use to cover their expenses while the lawsuit is pending. The amount of funding provided depends on the strength of the case and the estimated value of the settlement or court award. Plaintiffs can use the funds to pay for medical bills, rent, utilities, groceries, and other living expenses. This financial support can be crucial in helping victims get back on their feet while they recover from their injuries.

It is important to note that litigation funding is not available to everyone. Each funding company has its own criteria for approving applicants, and not all cases will qualify. However, for those who do qualify, litigation funding can be a valuable resource that provides financial stability during a difficult time.

The Impact of Litigation Funding on Motorcycle Accident Lawsuits

Litigation funding can have a significant impact on the outcome of a motorcycle accident lawsuit. By providing financial support to the plaintiff, litigation funding allows victims to focus on their recovery without the added stress of worrying about how to pay their bills. This can lead to better health outcomes and a stronger ability to pursue the lawsuit to its conclusion.

In many cases, plaintiffs who receive litigation funding are able to hold out for a higher settlement offer rather than accepting the first offer from the insurance company. Insurance companies often try to settle cases quickly and for as little money as possible, knowing that plaintiffs may be in desperate need of cash. With the help of litigation funding, plaintiffs have the financial flexibility to negotiate for a fair settlement that fully compensates them for their injuries and losses.

In addition to helping plaintiffs achieve better financial outcomes, litigation funding can also level the playing field in personal injury lawsuits. Insurance companies and large corporations often have vast financial resources that allow them to drag out legal proceedings in the hope that the plaintiff will settle for less. Litigation funding helps to level the playing field by giving plaintiffs the financial resources they need to fight back and pursue justice.

Considerations When Choosing Litigation Funding

While litigation funding can be a valuable tool for victims of motorcycle accidents, it is important to carefully consider the terms of the funding agreement before accepting an offer. Litigation funding companies typically charge a fee for their services, which is paid out of the settlement or court award. These fees can vary depending on the company and the specifics of the case.

It is also important to remember that litigation funding is not a guaranteed source of financial support. Funding companies evaluate each case on its merits, and not all cases will qualify for funding. Plaintiffs should work closely with their attorney to determine whether litigation funding is a good option for their case and to ensure that they fully understand the terms of the agreement.

In conclusion, litigation funding can play a crucial role in helping victims of motorcycle accidents in Florida navigate the financial challenges of pursuing a lawsuit. By providing financial support during the legal process, litigation funding allows plaintiffs to cover their expenses while they wait for a fair settlement or court decision. This support can help victims recover from their injuries and obtain the compensation they deserve.

For those considering litigation funding for a Florida motorcycle accident lawsuit, Fast Funds is here to provide guidance and support. We understand the financial pressures that accident victims face, and we are committed to helping you get the funding you need to pursue justice. Contact Fast Funds today to learn more about how we can assist you during your legal journey.