Motorcycle accidents tend to be more serious than other types of motor vehicle accidents; they often result in serious injury or death. The National Center for Statistics & Analysis reports that approximately 5000 motorcyclists are killed, and almost 100,000 injured, each year, in motorcycle accidents. Contrary to popular belief, most accidents involving motorcyclists are not the fault of the motorcyclist; they are most often caused by the negligence of the driver of the other vehicle involved. And, of course, the more serious the injury, the more likely a lawsuit will be necessary to receive fair compensation and the longer the lawsuit is likely to take to resolve. A verdict or settlement could be years away.
So, here’s the question: What does a severely injured motorcyclist, who is the victim of someone else’s negligent driving, do to support him/herself while awaiting the outcome of his/her case? Serious motorcycle accidents cause serious injury and/or disability; victims are often disabled from employment for months or years at a time. Most states do not provide first party wage loss recovery; a person must wait until the negligence case is settled to receive any compensation.
For many people in this situation, one place to turn is to family and friends, but, family or friends need to have the ability to provide that kind of support and borrowing money from loved ones can strain a relationship. If the accident victim has equity in a home, money can be borrowed against the home, but if disability and case recovery become a lengthy process, the unfortunate victim could lose his/her home. The source of support that more and more accident victims are turning to is lawsuit funding.
A lawsuit cash advance is provided on a non-recourse basis; your credit or job status does not matter. The advance is provided contingent upon the outcome of the case; if you lose the case, the money provided is completely forgiven. It is yours to keep. A professional and compassionate lawsuit funding company will pay your regular bills and expenses (mortgage, car payments, groceries, tuition, etc.) as well as those extraordinary bills and expenses (medical, rehabilitation, funeral, etc.) and will do so regardless of your credit standing or immediate ability to repay. The only collateral that matters to a lawsuit funding company is the quality and possibility of success in your pending lawsuit.
These are not "lawsuit loans"; they are non-recourse cash advances against your pending lawsuit. The typical process for obtaining this type of financial assistance is quite simple. Lawsuit Financial Corporation, for example, would (after a brief intake conversation with you) fax a records inquiry to your attorney and review the records it receives to determine if your case qualifies and, if so, for how much. The process can take as little as 24 hours, depending on how quickly we receive the information. After you initial approval, we can review your case, periodically, to determine whether the case can afford additional or even, ongoing-regular funding. Again, we have streamlined this into a very simple, speedy, process.
To reiterate, you are not obligated to repay the money unless and until you win or settle your case and your attorney collects the verdict or settlement proceeds. Your credit and/or employment history do not matter to a lawsuit funding company. Our goal is to relieve your financial pressure to settle your case too early for too little, caving in to the insurance company tactics of "delay, deny, confuse, and refuse". Removing financial pressure to settle early and cheap should result in increased settlement proceeds in the case. That helps you, helps your attorney and hurts the insurance company the insures the guy who caused your injury.
So, if you are embroiled in a lengthy lawsuit as the result of serious injuries caused by a motorcycle accident, and you are having cash flow problems, you might want to consider motorcycle accident lawsuit funding from an industry professional.
Attorney, certified civil mediator, and award-winning author of the Zachary Blake Betrayal Series—Mark Bello is also the CEO of Lawsuit Financial and the country’s leading expert in providing non-recourse lawsuit funding to plaintiffs involved in pending litigation. He is also a member of the State Bar of Michigan, a sustaining member of the Michigan Association for Justice, and a member of the American Association for Justice.