If you are struggling to pay medical bills or other outstanding debts because you have a pending legal case in California, you can access pre-settlement funding. This allows you to get the funds you need to cover your financial obligations while your case is reviewed. It is best to find a legal funding company that offers non-recourse advances so you won’t have to pay the settlement back if you lose your case.

How to Fund Justice

The California legal system can be complex, and it can take months or even years for a case to settle. Many people can’t wait so long to receive the money they are entitled to in a settlement.

Insurance companies and employers often enter lengthy legal battles in hopes of not having to pay a plaintiff or defendant. This tactic can make individuals grow impatient and, eventually, hopeless about receiving their settlement funds.

Here are some things you should know about pre-settlement funding requirements in California.

The Application Process

The right pre-settlement funding institution will make the lawsuit funding application process as easy as possible. You have to submit some data about the case and personal information to get started. In California, you must have a lawyer representing you to apply for pre-settlement funding.

You can start the process online or speak to an agent who will obtain your personal information such as name, address, and place of employment. In many cases, a credit or background check is not required.

If you have a pending lawsuit and are entitled to a settlement, get more information about California settlement loans from High Rise Financial. The qualified team will look over your case and let you know the steps to take for receiving the amount you need to fight for justice.

You’ll also receive the guidance you need to submit substantial evidence to help you secure a fair ruling in court. Your settlement can provide you and your family with the finances you need to cover lost wages and medical bills so you can get your life back in order after an injury or accident.

Reviewing the Application

Once you’ve submitted your application, the pre-settlement funding company will work with your lawyer to obtain court documents and other details to evaluate your case and the settlement amount you are likely to receive.

This allows the legal funding company to determine the amount of your pre-settlement cash advance. Based on the information you offer, your request will either be approved or denied. If you’re approved, you’ll sign an agreement with the legal funding firm, and your funds can be in your bank account in as little as 24 hours.

Legal Considerations

California provides some documentation on legal funding. The state does not limit legal funding based on case type, but there are stipulations to consider.

For example, workers’ compensation cases are not eligible for pre-settlement funding because of how the settlement is paid. Personal injury settlements are not fully distributed to the lawyer in California. This means that the lawsuit funding company cannot place a lien for the cash advance.

California Settlement Funding for Personal Injury Cases

In the state of California, it is fairly easy for someone who was injured by another person, company, or organization to receive pre-settlement funding. However, there are guidelines to consider. These are the stipulations on personal injury cases in California:

• The injury must have occurred in California
• The injuries must be significant
• Your insurance must be up to date

If you didn’t have valid car insurance at the time of the accident, you may be disqualified from receiving compensatory damages, even if the accident was not your fault.

Your damages or settlement is determined based on the financial impact the accident had on your life (i.e. missing work, paying medical bills). You may also be awarded non-monetary damages such as pain and suffering.

It is also important to note that the statute of limitations for filing a personal injury lawsuit in California is two years. You must request your pre-settlement funding within this time as well.

The Price of Justice

Facing a lawsuit may feel disheartening, as it can take a financial toll on your budget. However, there are alternatives to consider that will ease the financial burden. Pre-settlement funding is relatively easy to access, and it can provide you with the financial safety net for your lawsuit.

With a law degree under his belt, Mark Scott understood very early that law communication was a relatively neglected area. He decided to help people by “translating” the language and offering information and advice in a clear, useful, and actionable manner. For this reason, instead of finding him in court, you will most likely find his name online, where he is very active and thriving as a legal columnist. His part of making the world a better place is to make the law a less convoluted maze. He aims to make it easier for people to understand when and how to seek legal counsel, how to proceed in a significant number of legal matters, and to find the proper resources so they can stand up for their rights.