Medical malpractice can be of varying degrees and types on account of negligence or omission by health care providers. Any act that deviates from predefined standards of practice for the medical community causing death or injury to the patient is a cause of action for medical malpractice legal action. In order to safeguard their interests, medical professionals often seek protection through liability insurance so that any settlement awarded by the courts under a medical malpractice suit is paid for by the insurance carrier. The definition of malpractice and regulations governing that can however vary from one country to the other or within a country itself.
Medical malpractice lawsuit Cash Advance
Having briefly explained what medical malpractice is, let us now turn medical malpractice lawsuit Cash Advance. In some circumstances, the plaintiff filing a personal injury malpractice lawsuit may be one who has been seriously affected by the medical malpractice. Malpractice lawsuits can be instituted even for accounting, legal, dental and other issues as provided under the statute. Once the suit is filed under any of these circumstances, the proceedings can go on for long and it could be even several years before you can expect an eventual settlement to be paid out. But, life must go on in the interim and mounting medical expenses can potentially drain your reserves making it difficult to meet regular expenses. Your credit score is below the threshold limit making it difficult to find fresh credit. This is the kind of situation for which the financial industry has evolved the medical malpractice lawsuit Cash Advance among other legal funding means.
Hurdles in proving negligence
Often times, the major hurdle that malpractice lawsuit encounters is proving negligence. Plenty of arguments and counter arguments, evidences for and against the allegations will be arrayed and the process can be potentially unnerving for the plaintiff. But, most experienced attorneys are able to wade their way through all these to finally convince the courts to award a judgment and decree in your favor.
The process of obtaining medical malpractice lawsuit Cash Advance
The process of obtaining a Accidents & Injuries Malpractice Lawsuit Cash Advance is simple. Your attorney’s assessment of the lawsuit forms the basis of Cash Advance approval. Therefore, as the first step, you should discuss with your attorney and get an assessment done. He/she may also recommend reliable lenders offering medical malpractice lawsuit Cash Advances. The next step is to make an application to the lender for the amount of Cash Advance that you need (often times limited to about 20% of the projected settlement). Most lenders communicate the approval in less than 48 hours and you could be clutching the cash soon.
Take care though
Legal Cash Advances like medical malpractice lawsuit Cash Advance tend to be expensive because of its inherent character. These Cash Advances are ‘no recourse Cash Advances’ and in the event of your suit being decided in favor of the other party, you are not obliged to repay the Cash Advance. You are better off limiting the Cash Advance to tide over a difficult financial situation rather than drawing out the entire amount that you are eligible for. But when traditional lawsuit loans are not a viable option or you wish not want to take the risk of borrowing knowing that if you case does not settle and you are left with the responsibility to pay back the loan… Then a pre settlement funding makes perfect sense, the risk is all ours. If you do not settle your case successfully then you are not obligated to repay the advance.
About the author
James Sheridan is the Contracts Manager at Pegasus Legal Funding LLC and is responsible for the final stage of the funding approval process. James focus and priority is delivering to PLF’s clients the funds they need as quickly as possible