Accidents are a fact of life. But, when an accident is the direct result of someone’s poor decisions, the victim has the right to seek compensation for their losses. If you’re in a situation like this and you’ve filed a personal injury claim, you understand how complex the situation is and how long it can take to receive the compensation you’re owed. Whether there are questions as to determining fault or the defendant is intentionally trying to drag out the case to get you to settle early, you may be struggling financially as a result.
Fortunately for struggling plaintiffs, Nebraska lawsuit funding is available. Preferred Capital Funding provides funds to those in need. To learn if lawsuit funding is right for you, you’ll want to understand how it can benefit you.
How Legal Funding Can Help Your Personal Injury Claim
When you apply for funds, there is no risk to you. Our company, along with your lawyer, takes on the risk that your case might not fall in your favor. If that happens you won’t have to pay us back in the state of Nebraska. This is one of the biggest advantages of lawsuit funding. If you win your case, you’ll pay us back from the awarded compensation in one lump sum. This way, you won’t have to worry about monthly payments.
Additionally, there are no limits to how you can use the money. Once you have your funding, you can pay off debts, catch up on bills, pay your mortgage or rent, cover medical expenses, repair your vehicle or buy a new one, or cover your daily living expenses. If you need to use the money for something else, you can do that as well.
Having the money you need will also ensure you have the time you need to pursue your lawsuit. You won’t be tempted to settle early for less than you deserve because you won’t be struggling financially.
Lawsuit Funding Regulations in Nebraska
Nebraska is one of the states that has specific laws in place for third-party litigation funders. These laws ensure that funding companies to do not have significant influence on legal cases. You can find these laws under Chapter 25 of Nebraska Revised Statutes.
Nebraska Revised Statute 25-3304 is in regard to the prohibited acts of funding companies. According to the law, civil litigation companies cannot pay or offer commissions or referral fees to attorneys, law firm employees, or medical providers for referring a plaintiff to their company. Additionally, they cannot accept commissions, referral fees, or rebates from any lawyer, law firm employee, or medical provider.
Nebraska Revised Statute 25-3305 states that civil litigation funding companies cannot assess fees beyond three years from the date of the initial agreement. The fees assessed can compound semiannually, but they cannot compound based on a lesser period of time. When annual percentage fees or rate of return is calculated, the funding company needs to include all charged payable directly or indirectly by the client.
Nebraska Revised Statute 25-3306 establishes that no communication between a lawyer and a funding company regarding non-recourse legal funding can limit, waive, or abrogate the nature of any statutory or common-law privilege.
Understanding the laws that apply to Nebraska lawsuit funding can be confusing. Our funding specialists can answer any questions you may have.
Apply for Pre-Settlement Funding from Preferred Capital Funding
The application process with us is fast and simple. You only need to provide us with contact information and some basic information about your lawsuit. We’ll get to work reviewing your application and discussing matters with your lawyer. If we believe you have a strong case, we’ll provide you with funds of $500 to $500,000 depending on your situation. You could have your funding in just a few days, so you’ll be able to take care of your bills and expenses and focus your efforts on building a lawsuit that gets you the compensation you deserve.