Content Provided By LawLeaf
LawLeaf is an on-line lawsuit funding service that provides pre settlement and post settlement funding to plaintiffs in bike accidents. The information provided below is not intended to be legal information. You should always contact an attorney with questions regarding your legal needs.
If you have been involved in a bike accident you may be seeking a lawsuit cash advance against a pending or already settled claim. There are thousands of bicycle accidents that occur each year in the United States. While most bike accidents result in soft tissue injury, many are catastrophic and sometimes can be fatal. If you have been involved in a bicycle accident due to the negligence of another, you may be entitled to personal injury compensation to pay for your injuries.
Bike accidents often occur when a cyclist is hit by a moving vehicle. This can be devastating because a cyclist’s only protection is a helmet. As a result the injuries can be significant and often will result in paralysis or death. According to statistics there are close to 50,000 reported bicycle accidents each year. In 2002 alone there were more than 600 people killed as a result of a bike accident.
Like any other type of personal injury the legal process can take time. If a person was riding their bike and struck by a vehicle due to the negligence of a motorist they will need to file a personal injury claim. The legal process can take months or even years before a settlement is reached or a verdict is handed down. Oftentimes this can mean months of medical bills and being out of work. While the insurance industry is trying to settle for less money, your attorney is fighting for more. It is only right that you, the victim, is compensated fairly.
A bike accident lawsuit cash advance is often used by those plaintiffs that are not ready to settle for less. Lawsuit funding is used as a financial stop gap between early settlement and full compensation. When someone is going through the litigation process they will quickly understand the importance of full compensation. During the litigation the victim may be seeking ongoing medical treatments and physical therapy. These costs can add up. If you decide you can no longer wait for closure you may be forced into a smaller settlement. For some people with little to no income, a premature settlement may be the only way out.
By applying for a lawsuit cash advance against a bicycle accident it could help you pay off those ongoing medical expenses and supplement a loss of income. It could provide you with the money needed in order to hold out for a larger settlement.
A lawsuit cash advance, also referred to as a settlement loan is a non recourse lawsuit loan. This means if you do not win your case, you do not have to pay back the company. It is similar to hiring an attorney on a contingency fee basis. It is important if you decide to apply for lawsuit funding against a bike accident lawsuit, you only apply with those companies that offer non recourse funding.
For additional information on bike accident lawsuit funding, contact LawLeaf today.