Many injured victims are in desperate need of compensation from the settlement, especially so they can pay for medical treatment. In this situation, you may be able to obtain litigation funding, also known as legal funding.
Litigation Funding
Litigation funding is compensation from your settlement that is paid out before the settlement is finalized. You could receive a portion of what you are expecting to receive in the settlement.
The process for obtaining litigation funding simply involves an application to a litigation funding company. The company reviews the application to determine if they will award compensation. If your application is approved, you are likely to receive 10-20 percent of your expected settlement.
It is important to note your attorney must approve the application before you can receive compensation. The litigation funding company will be paid back from your settlement. The litigation funding company will place a lien on your settlement.