Injury Settlement

Written by Patricia Tunstall
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Injury Settlement Funds

Injury settlement money is important not only to the plaintiff who receives compensation for an injury, but to the lawsuit financing company that supported the claim with its funds. Without the financial assistance of such a company, the plaintiff would not have been able to continue the suit to settlement. Without bankrolling winning court cases, a litigation funding company would not stay in business for long.

When the plaintiff receives injury settlement funds, the company receives a portion of those proceeds, according to the financial terms agreed upon previously. Should the plaintiff not receive any settlement, or if the court's judgment is against the plaintiff, then the funding company likewise receives nothing. This risk makes it all-important for the company to scrutinize the merits of the case before approving monetary advances.

Civil Cases Are Eligible

Only civil cases are eligible for review by the company to judge the legal strength of the claim. Put in the simplest way, civil cases are non-criminal; crimes include fraud, murder, kidnapping, and arson. Civil cases eligible for funding include wrongful death, medical malpractice, personal injury, and employment discrimination.

If an injury claim settles, that means the plaintiff and defendant agree to terms before the case goes to trial or during the trial. A settlement can be agreed to anytime before the final judgment, and it means that both parties have resolved the issues without the intervention of the court. In an injury settlement, the plaintiff might have all medical bills paid by the defendant, if the defendant was at fault, plus other expenses and losses suffered by the plaintiff.

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