Legal Funding Helps Pay For Daily Expenses During A Lawsuit

Lawsuit financing is available for some plaintiffs that would otherwise be financially

strapped between the time their case begins until the trial occurs. Many people are unable to work due to personal injury. Some may have lost their employment due to circumstances involved with the case. This puts a huge financial burden on them. Their regular bills often pile up because there is no means to pay them. For others, added expenses are simply too much to handle. Additionally, lawsuits cost money. They cannot afford to survive without some financial help until they win their case. There are several bills that accrue during this critical period. After a suit is filed, it may not go to court. The parties may reach a legally binding agreement beforehand. This almost always involves the payment of a sum from the defendant to the plaintiff. Lawsuit funding helps people to make ends meet during this time.

Living Expenses

Monthly living expenses, such as the mortgage on a house or rent on an apartment are usually large payments that cannot be put off for several months until the case is concluded. Other monthly bills, such as vehicles and utilities, are nearly as critical. Simple things like going grocery shopping to put food on the table become extravagances that are difficult but necessary to pay for on a regular basis.

Lawsuit Expenses

It takes money to file and pay for a legal suit. While many plaintiff's attorneys are willing to wait until the end of it until they ask for money, there is often a retainer involved. Many lawyers will not work on a contingency basis, which means the plaintiff must pay them whether they win, lose or settle. Other costs of a lawsuit include paying for expert opinions. These may be doctors, which are expensive, or other professionals who need to be paid for their time and appearance at trial and depositions. Subpoenas and court fees are also necessary to make sure the case is heard, progresses according to plan and guarantees that witnesses will be present at trial and deposition. Court reporters are often hired to take down deposition and court testimony, as well. They have appearance fees which must be paid either the day of or within 30 to 60 days, depending on the company. It costs extra to have a transcript prepared, which is paid by the page. Videography services may also be used, especially in the case of doctors and other experts that are unavailable for trial whose testimony must be preserved and played back in front of a judge and jury.

Medical Expenses

Many times, the plaintiff in a lawsuit is suffering from injuries or illnesses brought on by the root cause of the lawsuit. This includes medical malpractice, car accidents and work-related injuries. Ongoing medical attention is needed from health care providers. Doctors, physical and occupational therapists, and even hospital bills must be paid, regardless of the fact that the plaintiff has insufficient income to do so. Even with medical insurance, prescription medications are often involved and can be very expensive. The person cannot do without, but must find a way to buy them.

Daily Survival

Sometimes it seems the only person concerned about their situation is the plaintiff and maybe their lawyer. Lawsuit financing companies are as well. They help people to cover the additional bills that occur from everyday life, such as child support, clothing alimony and regular loan payments that were in place before the legal situation arose. Living off of credit cards is an expensive alternative. When approved, a lawsuit advance can help to pay for all of these things and will leave the person with enough money to live on after their case is over.

by: Christine Harrell

POST COMMENT

D-law How To Access A Wide Variety Of Online Legal Records/research Legal Transcription vs Medical Transcription vs General Real legal Reverse Phone Search Service in US How To Legally Break An Apartment Lease In Houston Invest Your Money Within the Right Paralegal Affiliate Degree Program Phone Lookup Site In Usa true Legal Service Corporate Legal Services - Company Incorporation, Formation, Registration In One Point Online Legal Help: Getting Legal Advise And Services Has Become Really Simple & Convenient Oliver Wendell Holms and Free Speech Legal rights Legal Presentation Folders Are Helpful Products For Lawyers Getting Married Making Sure It Is Legal Legal Nurse Consultant Online Lawyer Directory With Several Legal Categories