Lawsuit Financing – A Guide For Business Owners
A lawsuit is an orderly proceeding by either a plaintiff or parties against another party in the civil court system. The word “plaintiff” is derived from a French word that means “action.” The word “plaintiffs” has since come to refer to any person or entity filing a complaint against another for some perceived wrong. The word “plaintiff” also includes any claim against another where the plaintiff wants damages to be awarded to him/her. For example, a person may file a claim against another person or company for injuries caused by another’s vehicle or property.
Personal Injury lawsuits are a common area of personal injury litigation.
In these types of lawsuits, one party files a claim against another on the basis of negligence or another type of unjust action. When filing a personal injury lawsuit, it is important to remember that the parties cannot agree on the terms of the settlement or judgment. Therefore, the court system is forced to make the determination about what the rightful outcome will be. The process of a personal injury lawsuit can take years.
Medical malpractice lawsuits occur when an individual feels they were injured due to the negligence of another.
Any type of bodily injury or illness can constitute medical malpractice. Most common malpractice cases deal with dental care and facilities. However, wrongful death lawsuits occur in other areas such as premises liability, dental malpractice and physician malpractice.
False arrest and prosecution lawsuits occur when an individual feels they were arrested without probable cause, and in circumstances they believe they could have obtained the probable cause to support their arrest.
Many times the injured party will be compensated for their damages. Additionally, criminal charges stemming from false arrest and prosecution can result in additional charges, and even jail time if the case goes to trial. Many times the state attorney general will be involved in the lawsuits.
Wrongful death lawsuits occur when an individual who has died as the result of negligence on the part of another.
This is one of the most common lawsuits filed in civil court. Wrongful death cases are extremely complex and challenging to litigate. Most wrongful death lawsuits occur outside of the state. Many times the parents of the deceased become involved in such lawsuits, due to the extreme pain and loss they suffered following the incident.
Lawsuit financing can help the injured party to obtain the money needed to file a lawsuit.
Lawsuit financing usually involves putting up the cash required for the lawsuit and then having the lawyer pay off any outstanding balance as soon as the case is settled. The person filing the lawsuit does not have to pay anything until the case is resolved. If the case is won, the injured party does not have to pay anything unless the plaintiff receives financing from the lawsuit financing company. The lawsuit financing companies do not require a percentage of the settlement amount or interest, however they do require that you put up a down payment equal to 10% of the settlement amount.