Filing a lawsuit and having to go through legal processes can get really complicated and overwhelming, not to mention very expensive. Lawsuits can take months and sometimes even years to settle, leaving individuals stressed and financially drained.
In this article, we will discuss what legal funding is and how it can help you ease the financial burden you carry as you pursue legal action.
Understanding Georgia Legal Funding
Legal funding, also known as pre-settlement funding, is a cash advance provided to the plaintiffs involved in a lawsuit.
It provides individuals with funds that can be utilized to manage the expenses associated with the lawsuit. The funds can also be used to cover any other necessary expenses that may surface as your case progresses.
Moreover, you can also use the funds given to you to attend to certain needs, such as:
- Medical bills
- Daily necessities
- Personal health
- Tuition fees
Benefits of Choosing Legal Funding in Georgia
There are several reasons why you should choose legal funding in Georgia rather than a traditional loan. With this kind of financial arrangement, you’ll be able to deal with the financial burden associated with your case without going into debt.
Traditional loans take time, but with legal funding, you will be able to access the funds quickly and when you need it.
Once you receive the funds, you can utilize it however you see fit. This means you can use the money to cover all the necessary fees related to your case as well as other necessities such as medical bills, groceries, rent, food and any other essential living expenses. Your money, your rules.
How Georgia Legal Funding Works
Here at Tribeca Lawsuit Loans, we offer a quick and simple yet efficient legal funding process for our clients residing in Georgia. Below, you’ll find the step-by-step guide on how legal funding works in the state:
The first step is completing our application form. You can find our application form online, and it can be easily completed in just a few minutes.
Now, there are instances when clients refrain from submitting a lawsuit loan application due to financial issues, which is why we would like to make it clear that our application process does not involve credit checks, income verification and asset evaluations.
We also don’t charge any upfront fees, and you don’t need to worry about having to pay any hidden fees. Our application process is very quick, simple and straightforward.
Once we receive your application, our team of experts will then proceed to review it. In evaluating your eligibility for the funding, our team will consider certain factors such as liability, damages and the likelihood of your case to settle successfully.
When your application has been approved, we’ll send you a contract detailing the terms and conditions of the funding. If you choose to accept the offer we give you, you may receive the funds as quickly as 24 hours.
Now, you might be curious regarding the repayment of funds. That matter will be better based solely on the settlement of your case.
If the judgment is granted in your favor, the funding, along with the other agreed-upon fees, will be repaid from the settlement you receive. To put it simply, if you don’t win, you won’t have to repay anything.
Georgia Laws and Regulations on Legal Funding
Just like most states, Georgia follows certain laws and regulations in accordance with legal funding.
The state has a specific timeframe for plaintiffs to file a civil complaint or criminal charge. The given timeframe is referred to as the “Statutes of Limitations” and may differ depending on the type of the case.
Moreover, these guidelines are followed to ensure that litigation takes place in a timely manner to maintain the integrity of the evidence.
- Injury to Person: Two years
- Libel or Slander: One year
- Fraud: Two years
- Injury to Personal Property: Four years
- Professional Malpractice: Two years, maximum of five years from the act)
- Trespass: Four years
- Written Contracts: Six years
- Oral Contracts: Four years
- Collection of Debt on Account: Four years
- Judgments: Five years (Foreign judgment)
Types of Cases We Fund in Georgia
Tribeca Lawsuit Loans provide legal funding for a variety of cases. Some of the cases we fund for our clients residing in Georgia are:
Personal Injury Claims
The negligence of other people can injure others, which is why we provide legal funding for individuals involved with personal injury claims. These include slip and fall accidents, dog bites and many other injuries that you have suffered.
Car accidents are one of the major issues in Georgia. If you’ve been involved in an unfortunate situation such as this and have been injured due to the negligence of the other party, Tribeca can provide funding that can help you with the necessary expenses associated with the accident and other financial responsibilities you may have.
Employment Disputes and Labor Law Violations
It’s no secret that employees are often facing hardships when dealing with the intricacies of employment law.
There are instances where employees face discrimination and harassment in the workplace. There are also even times when employees are wrongfully terminated, denied benefits and exposed to unsafe working conditions.
With our legal funding, you will be able to take legal action to fight for your rights and hold the people involved accountable.
Medical Device Malfunctions
Medical device malfunctions are one of the unfortunate things we cannot control. However, that does not mean you can’t do anything about it.
If you have been severely injured and possibly suffer lifelong consequences due to the medical device malfunction, we can offer you legal funding that can help you seek a just settlement from the manufacturers for the harm you have suffered for using their devices.
Unfortunately, there are instances when individuals have to deal with medically negligent professionals. If you have been misdiagnosed or are suffering consequences due to surgical errors or substandard cases, Tribeca can help provide you the funds you need to take litigation and seek fair compensation.
Sexual Harassment Cases
We understand how sexual harassment can severely impact an individual’s overall well-being. We believe that victims have the right to be heard and seek justice.
We also offer funding and services that can help provide victims with the financial assistance they need in taking legal action and taking their perpetrators to court.
Wrongful Imprisonment And Wrongful Convictions
The justice system has its flaws. Although the law is there to maintain peace and protect the people, there are instances when individuals are wrongfully imprisoned and convicted.
We believe that victims of wrongful imprisonment and convictions deserve the right to seek justice, which is why we provide funding that can help assist individuals in taking litigation to reclaim their freedom.
The mentioned cases above are just some of the types of cases Tribeca funds in Georgia. If you are unsure if your case is eligible for legal funding, we highly encourage you to reach out to our team for consultation.
The Tribeca Advantage: Why We Are the Best Choice in Georgia
In Georgia, there are various companies that offer legal funding. However, with our long-standing experience and expertise, Tribeca Lawsuit Loans proves to stand out from all the other legal funding companies. We offer:
A Quick Approval Process
The process of settling a case can be long and arduous, but we know that our clients have urgent needs.
We value every minute of your time, so we make sure that you can complete our online application in just a few minutes. All you’ll have to do is wait for our funding decision as fast as 24 hours.
You might have heard cautionary tales about loan sharks and how they’d try to fool you with confusing contracts and unclear terms, but at Tribeca, we’ll answer all of your questions and address your hesitation.
We won’t leave you in the dark. We’ll ensure that you understand our terms before you sign anything.
Your repayment would depend on the amount you’ll win from your case. That’s why we offer low, competitive rates on legal funding, allowing you to keep the majority of your settlement.
Frequently Asked Questions About Georgia Legal Funding
What Is The Civil Lawsuit Process Like In Georgia?
In Georgia, the civil lawsuit process starts once you have filed your complaint. Once the other party is notified, they will then respond, and both parties will engage in a phase called “discovery.”
During this stage, arguments will be presented, and evidence will be shown. After that, the parties may assess the strength of their respective submissions.
You can choose between negotiating a settlement or proceeding to trial. The court will then proceed to make a judgment on the case.
Do I Have To Pay Any Upfront Fees Or Monthly Fees?
No. Legal funding does not require upfront fees, nor does it obligate clients to pay any monthly fees. The funding is also non-recourse and will only be repaid if the case is successfully settled.
Start Your Georgia Legal Funding Journey with Tribeca
Here at Tribeca, we strive to provide our clients with high-quality service and dedicated professionals to handle your case. We believe that no amount of money should hinder individuals in pursuing litigation.
That is why we provide legal funding to help individuals in Georgia fight for their rights as they seek the settlement they deserve.