Head Injury Lawsuit Loans Help Plaintiffs
Traumatic brain injury lawsuit loans are financial transactions which help injured plaintiffs stay financially afloat while their lawsuits are litigated. The benefit of head injury lawsuit loans is that plaintiffs get immediate financial support. Because of the unique nature of these transactions, the TBI advance is ONLY repaid if the case is successful.
About Head/Traumatic Brain Injuries
A traumatic brain injury (TBI) usually results from a violent blow or jolt to the head or body. According to the Mayo clinic, “mild traumatic brain injury may affect your brain cells temporarily. More-serious traumatic brain injury can result in bruising, torn tissues, bleeding and other physical damage to the brain. These injuries can result in long-term complications or death.”
Traumatic brain injury (TBI) are very serious and can occur from a variety of different accidents. As such, they are more common than many realize. Consider that the American Association of Neurological Surgeons statistics report that millions of traumatic brain injuries occur every year in the United States.
Traumatic Head Injury Causes
The leading causes of TBI related deaths are due to motor vehicle crashes, suicides, and falls according to recent data. The leading causes of non-fatal TBI in the US occur from falls (35%), motor vehicle-related injuries (17%), and strikes or blows to the head from or against an object (17%), such as sports injuries according to American Association of Neurological Surgeons.
Traumatic Head Injury Resulting Conditions
Head injuries are so severe and serious the number of adverse effects are staggering. Consider the following list of post head trauma symptoms:
- Paralysis of facial muscles or loss of feeling in the face
- Loss of or altered sense of smell or taste
- Loss of vision or altered vision
- Difficulty swallowing
- Ringing in the ears
- Hearing loss
- Nausea and vomiting
- Paralysis or partial paralysis
- Altered breathing
- High blood pressure
- Cognitive difficulties and memory problems
- Inappropriate emotional responses
- Speech difficulties (slurred speech, inability to understand and/or articulate words)
- Loss of bowel control or bladder control
Brain Injury Lawsuits Compensate Victims
While those who suffer head injuries face a difficult recovery, there is some good news. Head injury lawsuits can compensate head injury victims for their loss if the condition was the result of negligence by another party. Fortunately, society and the court system offers compensation for these victims under certain circumstances. Although no amount of monetary recovery can truly compensate for serious head injuries, head injury lawsuits attempt to make the injured parties whole again.
The bad news is that navigating through the court system takes time. This is especially true for complicated injury cases such as head trauma. Plaintiffs can expect many months and often several years to elapse before they receive compensation.
Even worse is that many injured victims can no longer work. Financial trouble is sure to follow. Head injury lawsuit loans can help. What plaintiffs need is the ability to endure the long, drawn out litigation process. Head injury lawsuit loans provide immediate cash to meet expenses while the case progresses.
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Head Injury Lawsuit Loans are Not Loans
What is a Head Injury Lawsuit Loan Loan?
A TBI lawsuit loan is an advance on the future proceeds of a head injury lawsuit. Head injury lawsuit loans are “non-recourse funding” because repayment only occurs if the lawsuit is successful. Thus, the loan company cannot pursue the plaintiff personally for repayment.
How are These Deals Structured?
Although head injury loans are called “loans”, this is actually a misnomer. Instead, head injury lawsuit loans are an assignment of the future property rights of the settlement. Essentially this means, the plaintiff sells part of the settlement in advance. There is no implied repayment like with traditional loan transactions.
What Portion of My Case is Sold?
Generally, lawsuit funding companies will advance up to 15% of the future settlement value. In some instances, lawsuit funding companies will advance up to 20% depending on the circumstances and when the settlement is expected.
How is the Head Injury Loan Repaid?
As stated above, the advance is repaid only if the case is won. Upon settlement, the money is received and deposited into your attorney’s trust account and disbursed according to what liens are in the file. Common lien amounts are reimbursement for court costs, stenographer fees, outstanding medical liens (letters of protection), workers’ compensation liens, attorney’s fees and lawsuit loans.
How to Qualify for Lawsuit Loans
The essential qualifications for head injury lawsuit loans are:
- You are at least 18 years old
- You have a pending lawsuit for a head injury
- You have an attorney representing you
If all of the above are satisfied, you are eligible to apply for a head injury lawsuit loan.
Seeking Legal Advice
If you were injured in an accident and sustained head injuries, you should consult an attorney. The consultations are usually free so they are no risk to you financially. Head injuries are an extremely complex area so finding the best head injury lawyer is of the utmost importance.
Good head injury lawyers assist in recovering the most compensation possible for your injuries. This ensures you have enough of a recovery to cover costs such as:
- past and future medical expenses
- lost wages
- pain and suffering
- and other personal injury damages
Bear in mind, there are sometimes limitations to filing a lawsuit. Seeking legal advice in a timely fashion would be a wise decision.
Although head injuries are the topic of this page, an in depth analysis of this condition is not intended herein. As always, all legal topics offered on this website are for informational purposes only and are subject to our disclaimer.
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