Truck Accident

Understanding Litigation Funding in Georgia After a Truck Accident Lawsuit

Posted on by Fast Funds
Understanding Litigation Funding in Georgia After a Truck Accident Lawsuit
02
Oct

Truck accidents can lead to severe injuries and significant financial burdens. These accidents often leave victims facing expensive medical bills, vehicle repairs, and time off work while dealing with their recovery. When a truck accident occurs in Georgia, victims may choose to file a lawsuit to recover compensation for their losses. However, lawsuits can take time, and the process can be overwhelming. Fast Funds is one option for litigation funding that can provide victims with the financial assistance they need to continue with their daily lives while their legal case moves forward.

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Litigation funding is a type of financial support that can help people who are involved in lawsuits, including truck accident claims. This funding is not a loan in the traditional sense, but it provides plaintiffs with immediate access to funds that they can use for various expenses. This financial resource allows victims to pay for medical care, legal fees, and other living costs while they await the resolution of their case.

Litigation funding has become a valuable tool for many truck accident victims in Georgia. Truck accidents often result in significant damages, and the legal process can take months or even years to resolve. Litigation funding provides a way for plaintiffs to relieve some of the financial pressure they may experience during this time. It allows victims to focus on their recovery and pursue their legal claim without the added worry of mounting bills.

How Litigation Funding Works in Georgia

In Georgia, litigation funding is typically offered by companies that provide financial assistance to individuals involved in legal claims. These companies evaluate the merits of a case and determine if it is likely to succeed. If they believe that the case has a strong chance of success, they will offer funding to the plaintiff. This funding is provided in exchange for a portion of the settlement or award that the plaintiff may receive if they win their case.

The process usually begins with the plaintiff and their attorney discussing the need for litigation funding. If the plaintiff decides to move forward, the attorney will provide the funding company with information about the case. This includes details about the truck accident, the injuries sustained, and the potential value of the claim. The funding company will review this information and make a decision about whether or not to provide funding.

- 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.

Once the funding is approved, the plaintiff will receive a lump sum of money that can be used for various expenses. This money is typically repaid from the settlement or award that the plaintiff receives at the conclusion of their case. If the plaintiff does not win their case, they are not required to repay the funding. This means that litigation funding carries no risk of personal financial loss for the plaintiff.

Benefits of Litigation Funding in Truck Accident Lawsuits

Litigation funding offers many benefits to truck accident victims in Georgia. One of the most significant benefits is that it provides plaintiffs with financial stability during the lawsuit process. Truck accident lawsuits can be lengthy, and many victims may struggle to pay their bills while waiting for a settlement. Litigation funding gives plaintiffs the ability to cover their expenses without having to take out loans or rely on credit cards.

Another benefit of litigation funding is that it allows plaintiffs to have the time they need to build a strong case. Often, insurance companies will offer a low settlement to truck accident victims in the hopes that they will accept it quickly. Plaintiffs who are facing financial pressure may feel forced to accept a low offer, even if it does not fully cover their losses. Litigation funding allows plaintiffs to reject low settlement offers and continue with their case until they receive the compensation they deserve.

Additionally, litigation funding can help plaintiffs avoid taking out high-interest loans. Traditional loans often require monthly payments, which can add to the financial strain of being involved in a lawsuit. Litigation funding, on the other hand, does not require monthly payments. Plaintiffs only repay the funding if they win their case, and the repayment comes directly from their settlement or award.

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Considerations for Litigation Funding in Georgia

While litigation funding can be a valuable resource for truck accident victims, it is important to carefully consider the terms of the funding before moving forward. Plaintiffs should work closely with their attorney to ensure that they fully understand the terms of the funding agreement. This includes the percentage of the settlement or award that will go to the funding company and any fees that may be associated with the funding.

It is also important to note that litigation funding is not regulated in the same way that traditional loans are. This means that the terms and conditions of funding agreements can vary widely between different funding companies. Plaintiffs should take the time to research different funding options and choose a company that offers fair terms.

Another consideration is the potential impact that litigation funding may have on the overall settlement amount. Because the funding company will take a portion of the settlement or award, plaintiffs should ensure that they will still receive enough compensation to cover their losses after repaying the funding. Plaintiffs should discuss the potential value of their case with their attorney and ensure that they are receiving an appropriate amount of funding for their situation.

The Role of Litigation Funding in Truck Accident Cases

Litigation funding plays an important role in truck accident lawsuits in Georgia. Truck accidents often result in serious injuries and significant financial damages, and litigation funding can help victims pursue their legal claims without being overwhelmed by financial stress. It allows plaintiffs to focus on their recovery while their attorney handles the legal aspects of the case.

In truck accident cases, litigation funding can be especially beneficial because these cases tend to involve large settlements. Truck accidents often result in severe injuries, such as traumatic brain injuries, spinal cord injuries, and broken bones. These injuries require extensive medical treatment, and victims may be unable to work for months or even years. Litigation funding provides the financial support needed to cover these expenses while the lawsuit progresses.

Additionally, truck accident cases often involve complex legal issues. Trucking companies and their insurance providers may try to minimize their liability, and they may offer low settlement amounts to avoid paying large claims. Plaintiffs who have litigation funding are in a stronger position to negotiate for fair compensation because they are not under the same financial pressure to settle quickly.

How to Get Litigation Funding for a Truck Accident Lawsuit in Georgia

If you are involved in a truck accident lawsuit in Georgia and are considering litigation funding, the first step is to speak with your attorney. Your attorney can help you determine if litigation funding is a good option for your case and can provide guidance on how to move forward.

Once you have decided to pursue litigation funding, your attorney will work with you to gather the necessary information for the funding company. This may include details about the truck accident, your injuries, and the potential value of your claim. The funding company will review this information and decide if they will provide funding.

If the funding is approved, you will receive a lump sum of money that can be used for various expenses. You can use this money to pay for medical bills, legal fees, and other costs related to your truck accident. The money will be repaid from the settlement or award that you receive if you win your case. If you do not win your case, you will not be required to repay the funding.

The Future of Litigation Funding in Georgia Truck Accident Cases

Litigation funding is expected to continue playing a key role in truck accident cases in Georgia. As more people become aware of the benefits of litigation funding, it is likely that more plaintiffs will choose this option to help them manage the financial challenges of a lawsuit.

However, it is also important for plaintiffs to stay informed about changes in the laws and regulations surrounding litigation funding. While litigation funding is currently unregulated in Georgia, there have been discussions about implementing regulations to ensure that plaintiffs are protected from unfair terms. Plaintiffs should work closely with their attorney to stay informed about any changes in the law that may impact their litigation funding options.

If you have been involved in a truck accident in Georgia and are struggling with financial challenges while pursuing a lawsuit, litigation funding may be the solution you need. Fast Funds can help you get the financial support you need to cover your expenses while you wait for your case to be resolved. Contact Fast Funds today to learn more about how we can assist you during this difficult time. Let us help you focus on your recovery while we provide the funding you need to move forward with your legal claim.