Is Lawsuit Funding Available in Wrongful Death Lawsuits?

A wrongful death lawsuit loan is lawsuit funding provided by a litigation finance company prior to the settlement of a wrongful death case.  In many cases, lawsuit loans are needed by plaintiffs as the case drags out and becomes a financial burden to the plaintiff and the plaintiff’s family.  This type of funding provides a non-recourse cash advance months or even years prior to the settlement of the case.

What is Wrongful Death?

A wrongful death is a death that results from a wrongful act or from negligence; a death that can serve as the basis for a civil action for damages on behalf of the deceased person’s family or heirs.  A lawsuit of this type seeks to receive damages for the life lost, due to recklessness, malpractice, or negligence. Wrongful death claims are usually seen in lawsuits involving automobile accidents, airplane crashes, product liability, medical malpractice, and workplace accidents.

Wrongful Death Lawsuit Loan

A wrongful death lawsuit loan is lawsuit funding made by a litigation finance company in the form of a cash advance, against their pending lawsuit settlement.  The plaintiff is not required to pay back the funds until the case is finally settled.  If the plaintiff loses the case then no funds are required to be paid back to the funder.

Wrongful Death Settlement

A wrongful death settlement is the outcome and compensation due the heirs or survivors of the deceased person named in the lawsuit.  The award from a successful lawsuit is considered the monies due a relative or spouse can be entitled to due to the death of the person.  The survivors typically encounter hardships and loss of income due to the loss of the relative.

Lawsuits Take Time

Many wrongful death lawsuits involved defendants and their insurance companies.  These companies have deep pockets to hire legal experts and claims adjusters with years of experience in wrongful death cases.   Wrongful death cases are complicated and can take years to reach a settlement or verdict.  Many plaintiffs are not able to stay financially healthy and pay their mounting legal fees and personal living expense while waiting for the case to be resolved.

This is exactly the type of situation where lawsuit funding can be used to help keep the case alive while taking some of the financial burdens off the plaintiff and their families.