Understanding Litigation Funding for Wrongful Death Cases in Georgia

Understanding Litigation Funding for Wrongful Death Cases in Georgia

Losing a loved one unexpectedly due to someone else’s actions is one of the hardest experiences anyone can endure. During such a difficult time, the last thing on your mind should be worrying about how to afford the costs of pursuing legal action. Unfortunately, wrongful death cases can quickly become expensive, and many people wonder how they can afford to hire an attorney or cover the costs of litigation. If you find yourself in this situation, you might be relieved to learn about litigation funding, an option that can help ease the financial burden while pursuing justice for your loved one.

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At our firm, we understand the pain and confusion that can accompany the aftermath of a wrongful death. You should not have to face these challenges alone. We are here to help guide you through the complexities of the legal process and ensure that you have the financial support you need to pursue the compensation your family deserves.

What Is Litigation Funding?

Litigation funding is a financial solution designed to help plaintiffs cover the costs of pursuing a lawsuit. In wrongful death cases, these costs can include attorney fees, expert witness fees, court fees, and other expenses necessary to investigate and build a strong case. When a person or their family suffers a loss due to someone else’s negligence or intentional wrongdoing, they may want to hold the responsible party accountable but fear they cannot afford to pursue legal action. This is where litigation funding can come into play.

Litigation funding, sometimes called lawsuit loans, involves a third-party company providing financial assistance to plaintiffs in exchange for a portion of the settlement or award if the case is successful. It’s important to note that litigation funding is non-recourse, meaning that if you don’t win your case, you do not have to repay the loan. This makes litigation funding a viable option for individuals and families who do not have the immediate financial resources to cover the costs of a wrongful death case.

How Does Litigation Funding Work in Wrongful Death Cases?

In wrongful death cases in Georgia, the process of litigation funding generally begins when you or your attorney reaches out to a litigation funding company. The company will evaluate the details of your case, including its merits and the likelihood of success. Once this assessment is completed, the funding company will decide how much money to offer based on the projected costs of the case and the potential settlement or judgment amount.

- 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.

If the litigation funding company agrees to provide financial support, you can use the funds to cover various costs associated with your case. This might include paying for expert witnesses, obtaining medical records, hiring investigators, or covering other out-of-pocket expenses. Litigation funding allows you to pursue your case without having to worry about financial constraints.

One of the main advantages of litigation funding is that it can help level the playing field. Insurance companies and defendants in wrongful death cases often have significant resources at their disposal, and they may use these resources to delay or dismiss your case. With litigation funding, you have the financial backing to ensure your case moves forward and that you have the best chance of success.

Is Litigation Funding Right for Your Wrongful Death Case?

Not every wrongful death case requires litigation funding. However, if your family is facing financial hardship or if you’re concerned about being able to afford the costs associated with pursuing justice for your loved one, litigation funding might be an option worth considering. In particular, litigation funding can be a helpful option if you are struggling with the high costs of medical bills, funeral expenses, and other financial obligations while trying to navigate the legal system.

Litigation funding is especially useful in cases that might take a long time to resolve. Some wrongful death cases can take months or even years to go to trial, and the costs associated with these cases can quickly add up. Litigation funding allows you to cover those costs without having to worry about how to make ends meet during the process.

Related Videos

Applying For Lawsuit Funding

Types of Cases We Fund

What Are the Advantages of Litigation Funding?

For families facing the tragedy of a wrongful death, the financial benefits of litigation funding are significant. First and foremost, litigation funding provides the financial support necessary to pursue a case without having to pay upfront costs. In many cases, this type of funding can relieve the stress of worrying about how to afford legal representation or litigation costs.

Additionally, litigation funding is non-recourse. This means that if your case is unsuccessful and you do not receive a settlement or judgment, you are not required to pay back the funding. This provides peace of mind, knowing that you can pursue your case without risking your personal finances.

Litigation funding also allows you to hire an attorney who can focus on securing the best possible outcome for your case. With financial support, you won’t be limited by how much you can afford to spend on your legal representation. This ensures that you have the resources needed to hire an attorney who is committed to fighting for justice on your behalf.

What Are the Risks of Litigation Funding?

While litigation funding offers several benefits, it is important to be aware of potential risks and drawbacks. One potential disadvantage is that the funding company will typically charge fees or interest on the money they provide. These costs are typically paid out of any settlement or judgment you receive. The fees can vary depending on the company and the amount of funding you receive, so it’s essential to read the terms of the agreement carefully.

Additionally, while litigation funding is non-recourse, it can still affect the outcome of your case. If you receive funding, you may need to share a portion of the settlement or judgment with the funding company. This means that the amount you ultimately receive may be reduced, so it’s crucial to weigh the benefits and costs carefully.

However, many families find that the advantages of having the financial support to pursue a wrongful death case outweigh these potential drawbacks. With litigation funding, you can focus on your case without worrying about how to pay for it.

Why You Should Consider Working With Us

If you are facing the challenging situation of a wrongful death and are considering litigation funding to pursue your case, you don’t have to go through it alone. At our firm, we are committed to providing compassionate, dedicated legal representation. We understand the financial strain that wrongful death cases can cause, and we are here to help you secure the funding you need to move forward with your case.

Our team will work with you every step of the way to ensure you have the resources and support needed to get the best possible outcome for your family. We will guide you through the process, help you understand your options, and ensure that your rights are protected.

If you are ready to explore litigation funding for your wrongful death case or need guidance on your legal options, don’t hesitate to reach out to us. Let us help you pursue justice for your loved one, and we’ll do everything we can to ensure you receive the compensation you deserve. Contact us today for a consultation and let us help you get started.

To learn more about this subject click here: How Litigation Funding Helps Michigan Wrongful Death Plaintiffs Seek Justice