The Approval Factors for Receiving Pre Settlement Funding
Certain minimum requirements must be met before Justice Law Fund is able to approve an application for pre settlement lawsuit funding. The following is a brief overview of some of the factors we consider when evaluating submissions to our program. While these are the primary factors we consider, we reserve the right to consider other factors that may not be listed here. Contact us for a complimentary consultation regarding your pending legal settlement.
- Liability – Liability is a critical component in our evaluation process. There must be clear liability on the part of the defendant in order for us to consider legal funding for your case.
- Damages – Most injuries we work with relate to serious injuries that cause loss of ability to work. Soft tissue injuries may be considered as well.
- Solvency – The defendant in your case must have the means to pay the awarded damages. If they cannot pay the settlement via insurance or other means, we will not be able to approve your application.
- Contingency Lawyer Fees – Your attorney must approve to be compensated from the proceeds of your case, not from an hourly fee or a retainer. Just as Justice Law Fund is to be repaid for the lawsuit funding based on the outcome of your case, your attorney must be willing to receive their payment based on the outcome of the case.
- State of Residence – Justice Law Fund is able to offer pre settlement funding in all states: except for the following:
Arkansas, Colorado, Kansas, Maryland, North Carolina, or Tennessee. We do not currently consider workman’s comp cases in Alaska, Arizona, California, District of Columbia, Hawaii, Idaho, Maine, Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, or Wyoming.