A young girl died and up to twelve more passengers were seriously injured in Essex County, New York when a tour bus driver lost control of his bus and crashed recently.
The Canadian tour bus travelled to New York City with 55 passengers aboard when it left its lane and careened off the Northway. The bus driver survived without injury and is currently under investigation to help determine the cause of the accident.
The bus was traveling on the highway when it hit the median and was knocked onto its side. One passenger was ejected from the bus and the bus subsequently landed on top of her. The victim is thought to be a young Canadian holidaying with her family in New York.
The other 54 passengers were quickly taken to different hospitals for treatment and 14 were found to be seriously injured but the injuries are not considered to be life threatening.
Those seriously injured will undoubtedly suffer in the future. The legal system promotes compensation for these individuals through state negligence laws. Victims can be compensated for loss earning capacity, out of pocket costs, medical bills, pain and suffering and other forms of damages.
Many of the passengers would be likely candidates for successful lawsuits. But lawsuits normally take some time to settle. Often, personal injury lawsuits take years before they reach settlement.
During this time, plaintiffs often find themselves in financial trouble. Whether their injuries diminish their earning capacity or they otherwise fall on hard economic times, bills and monthly expenses still must be paid placing litigants in a precarious position.
Many plaintiffs are forced to take less than they deserve in settlement simply because they cannot wait any longer.
Thousands of plaintiffs find relief in the form of lawsuit loans.
Lawsuit loans are financial transactions in which a lawsuit funding company purchases a portion of the future lawsuit’s settlement. The company advances cash for a portion of the lawsuit’s proceeds. The money is only repaid when the case reaches settlement or is otherwise successfully resolved.
To apply for a lawsuit loans you must have a pending or settled lawsuit, and be represented by an attorney.
No upfront fees are required as the advance is repaid at the time the attorney makes the final disbursement of the settlement check.
No credit checks are involved because lawsuit loans are not really loans at all. Instead, the plaintiff sells a portion of the settlement in advance. No applicant is denied lawsuit funding based upon his/her credit report.
The lawsuit loan structure also has the benefit of being a risk free proposition for litigants. Because the contract is a sale of a future asset, if that asset never exists (the lawsuit does not settle), there is no repayment of the advance. Lawsuit loans are sometimes called “non-recourse funding” for this reason.
Lawsuit funding is designed to help litigants wait out the long litigation process. Every day, thousands of applicants find the financial support they need through the use of lawsuit loans.
