Litigation Funding: A Financial Lifeline for Medical Malpractice Plaintiffs

October 27, 2014 | Product Liability

If you were injured or lost a loved one due to a medical error and have filed a medical malpractice lawsuit, you most likely will encounter significant financial pressures because these types of claims are not quick to settle. To avoid additional financial burdens during a pending lawsuit, consider litigation funding.

Some leading causes of medical malpractice lawsuits stem from a misdiagnosis or delayed diagnosis, such as:

•failing to conduct necessary tests.
• misinterpreting of test results.
• failing to take the patient’s full medical history.
• failing to create a follow-up plan with the patient.
• miscommunication when referring a patient to another doctor.

When a medical error or negligence occurs, it can lead to serious or permanently injuries, even death. An experience medical malpractice attorney can help evaluate the circumstances and determine whether the victim has a viable case to seek compensation for damages.

Once a medical malpractice lawsuit is filed, the time between the lawsuit and settlement can stretch over years. A victim who has already suffered from the injustice of injuries may not have the financial means to wait for compensation without the help from a legal funding expert.

Litigation funding is a likely solution for a plaintiff dealing with the loss of income and mounting unpaid bills. While the lawsuit makes its way through the courts, a legal funding company can provide “quick cash” to pay medical bills and living expenses. With financial worries at bay, the plaintiff can concentrate on recovering giving his/her attorney has more time to seek full compensation.

Credit score and employment have no bearing on funding approval; all that matters is case strength. If the case is reviewed and appears winnable, the application will likely be approved and funds available within 24 — 48 hours. When the case settles, the cash advance plus interest is repaid from the settlement, but if the plaintiff loses, the repayment is waived completely.

When pursuing a lawsuit puts a strain on your finances, litigation funding can provide a feasible financial lifeline to support your case and living expenses. Click here to learn how litigation funding can keep your case strong and viable.

Read the full article http://www.lawfirmchronicle.com/2014/10/litigation-funding-a-financial-lifeline-for-medical-malpractice-plaintiffs/

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