Overview

Pre-settlement lawsuit funding usually comes in the form of non-recourse cash advances, provided to the injured person in return for a promise to repay the advance after the lawsuit settles or a victory in court. As this is "non-recourse" funding, an injured person does not have to repay the advance if they are unsuccessful in the lawsuit, and only has to repay up to the amount of their share of the settlement in the event that the settlement is smaller than anticipated. Due to the risk involved in issuing a non-recourse funding, the fees associated with pre-settlement funding can be significant. There are legal, ethical, and practical issues which should be taken into consideration, if you are considering applying for pre-settlement fun