If you’ve recently experienced a slip and fall injury, you may be feeling overwhelmed and uncertain about your next steps. The physical pain and emotional distress from such accidents can leave anyone feeling confused about how to move forward. Along with these concerns, there may be questions about the financial strain caused by medical bills, lost wages, and other costs related to the injury. At times like this, it’s natural to wonder how you can pay for the legal representation you need to protect your rights. Fortunately, litigation financing could be the answer you’re looking for.

This guide will walk you through the concept of litigation financing and how it can help individuals who’ve suffered slip and fall injuries in Michigan navigate the legal process without the immediate financial burden. If you’re considering taking legal action after an injury, it’s important to understand how litigation financing can provide you with the support you need to focus on your recovery while pursuing the compensation you deserve.

What is Litigation Financing

Litigation financing, sometimes called lawsuit loans, is a financial product designed to help people who are involved in lawsuits but lack the resources to pay for legal costs upfront. For individuals involved in slip and fall accidents, this option can be especially helpful. When you pursue a slip and fall case, you may face high medical bills, ongoing treatment, and lost income from being unable to work. Legal fees also add to the financial pressure. Litigation financing offers a solution by providing you with funding to cover these costs during the course of your case.

Essentially, litigation financing companies provide a loan to plaintiffs who have filed lawsuits but are waiting for their case to reach a conclusion. In return, the financing company agrees to be repaid once the case settles or a verdict is reached. In some cases, if you lose your case, you may not be required to pay the loan back, making this a relatively low-risk option for those who need financial support during their legal battle.

How Litigation Financing Can Help in Slip and Fall Cases

Slip and fall accidents often result in injuries that require long-term medical care. In addition to the immediate expenses for treatment, you may also need physical therapy, prescriptions, and even surgery in some cases. Unfortunately, these costs can quickly add up, placing an immense financial burden on you and your family.

While you focus on recovering from your injuries, litigation financing allows you to proceed with a slip and fall lawsuit without worrying about how to pay for your attorney or the necessary medical treatments. This option ensures you have the financial resources to continue pursuing your case until a favorable outcome is reached, giving you peace of mind and more control over your legal proceedings.

Moreover, litigation financing ensures that your lawyer can invest the time and resources needed to thoroughly investigate your claim, gather evidence, and build a strong case on your behalf. With the added support of litigation financing, you can work towards securing the compensation you deserve without worrying about the financial constraints of your case.

- 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.

Is Litigation Financing Right for You

It’s important to evaluate whether litigation financing is the right choice for you. While it offers substantial benefits, it’s not for everyone. Litigation financing typically involves some level of risk, as there’s no guarantee that you will win your case. If your case is unsuccessful, you may be required to repay the loan, depending on the terms of the financing agreement.

One factor to consider is whether your slip and fall case has the potential to result in a settlement or judgment that is substantial enough to cover the financing costs and leave you with a positive outcome. In general, litigation financing works best for cases with a strong chance of success, such as those involving clear evidence of negligence or liability. It’s also crucial to choose a reputable litigation financing provider that offers transparent terms and fair fees.

The decision to pursue litigation financing should not be taken lightly. It is advisable to discuss this option with your attorney to ensure that it aligns with your case strategy and financial goals. Your lawyer can help you assess the potential benefits and risks and determine whether this financial tool will help you secure the compensation you need for your injuries.

How to Apply for Litigation Financing

Applying for litigation financing is typically a straightforward process, but it does involve some key steps. First, you will need to discuss your case with a litigation financing company. During this process, the company will review the details of your slip and fall case, including the evidence you have, your legal standing, and the expected timeline for your case to reach a resolution.

If the financing company agrees to move forward, you will be offered a loan based on the potential value of your case. The loan amount will depend on factors such as the severity of your injuries, the strength of your evidence, and the likelihood of a successful settlement or judgment. If you accept the loan offer, the financing company will work with your attorney to ensure that the funds are used appropriately for your case expenses.

Understanding the Repayment Process

One of the most important aspects of litigation financing is understanding how the repayment process works. As previously mentioned, repayment is usually due once your case reaches a settlement or verdict. The financing company will typically receive a portion of the settlement or judgment as repayment for the funds provided to you.

In some cases, if you lose your case, you may not have to repay the loan, depending on the terms of the financing agreement. However, it’s important to remember that this is not guaranteed, and you should always clarify the terms with the financing company before proceeding. Additionally, be aware that the fees associated with litigation financing can sometimes be quite high, especially if your case takes a long time to resolve.

Despite these potential costs, litigation financing can be a valuable tool for individuals who need immediate financial support while pursuing a slip and fall claim. By ensuring that you have the resources you need to proceed with your case, litigation financing can help you focus on your recovery and increase your chances of achieving a favorable outcome.

Why You Need a Knowledgeable Attorney in Your Slip and Fall Case

While litigation financing can help cover your immediate financial needs, it’s crucial to have a knowledgeable and experienced attorney by your side throughout the legal process. A skilled lawyer will guide you through the complexities of your slip and fall case, working to build a strong claim that supports your right to compensation. They will also work closely with your litigation financing provider to ensure that your case is properly funded and managed.

At the end of the day, your attorney is the one who will ensure that your case is presented in the best possible light and that your interests are protected throughout the legal proceedings. If you’re dealing with a slip and fall injury, working with a trusted attorney will give you the best chance for success.

If you are navigating the challenges of a slip and fall injury case in Michigan and are considering litigation financing, we at Fast Funds are here to help. We understand the difficulties you may be facing, both physically and financially, and we are committed to helping you achieve the best possible outcome for your case. Our team will provide the guidance and support you need as you pursue compensation for your injuries, and we’ll work alongside you to ensure that your case is managed with the utmost care.

If you are ready to take the next steps in your slip and fall case and want to learn more about how litigation financing can help you, contact us today. We are here to listen, understand your needs, and provide the support you need to move forward with confidence. Let us help you secure the compensation you deserve so that you can focus on recovering from your injuries and rebuilding your life.

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Slip and Fall Cases

Understanding Litigation Financing for Michigan Slip and Fall Injuries