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Legal funding

Presettlement advances

May, 07 2010
AM Legal Funding Team
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"Pre-settlement advances are rapidly growing in popularity for negligence cases."

All too few individuals are aware of pre-settlement advances.  They are a newer option for plaintiffs involved in negligence cases.  Rapidly pre-settlement advances have become something that negligent large corporations and their insurance companies are quite afraid of.  For too long, insurance companies have been able to game the system with settlement offers much below what is just given the facts of a case.  Obviously these companies wouldn't want pre-settlement advances to be able to change what has worked for them for so many years.  As pre-settlement advances have gained in popularity and begun growing in this country things have been slowly changing.  The regular person that was injured in an auto accident isn't forced to take a substandard offer because they have  no income to pay medical bills or replace lost income.  In many cases of on the job injuries, no one would argue that the corporation wasn't to blame given the facts. 

However, because of the inefficiencies of the process and the legal system in general, the results haven't always been fair.  With pre-settlement advances as an option, it's unlikely that people wouldn't be able to afford to maintain their cases and end up having to drop them altogether. The fact is, the insurance company doesn't have bills piling up and creditors calling them nonstop.  Those same corporations don't have to fret about being able to put food on their family's table.  The average person is screwed at the expense of the negligent corporation purely because of the financial disparity.  If it wasn't so incredibly common, it would be hard to believe.   But by getting a pre-settlement advance, the financial stress can dissipate and the case can be fought until justice is served. 

"Exploiting the legal system at the expense of negligence victims, as insurance companies have for years, is made much more difficult by pre-settlement advances."

The leader in pre-settlement advances is AM Legal Funding based out of New York.  The money from a pre-settlement advance can be used however the plaintiff sees fit.  As expected, in a large majority of cases involving large negligence trials, the pre-settlement advance money is used to address medical bills that have arisen.  In a lot of other cases, the person injured has been the family's primary breadwinner and their income needs to be replaced.  In those instances, pre-settlement advances are used to take care of past-due mortgage payments or to put food on the table.  With AM Legal Funding, getting a pre-settlement advance is very easy and all correspondence is kept anonymous.  AM Legal Funding does all the work and will work with the plaintiff's attorney to attain the best possible pre-settlement advance. 

Once the financial flexibility is there, the plaintiff can worry about winning the case and not anything else.  Best of all, if the case should lose, the plaintiff is not staring at more debt.  The amount of the advance plus interest is only paid back if the case proves successful.  This means that any family that has been the victim of negligence can have a fair day in court, which is the what the American legal system was originally designed to allow.  A pre-settlement advance helps to put a stop to the unethical and unfair advantages that corporations and insurance companies have been manipulating for years. 

 

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