The “Legally Speaking” show has a variety of legal specialties represented on the show, so callers have a good chance of reaching someone who can answer just about any kind of question. One of the lawyers on the radio show specializes in personal injury cases and he handled a call the other night while I was listening that brought up some issues that I hadn’t considered but he must hear it all the time. What happens after a car wreck and you can’t work and have to pay your bills?
Obviously the common advice is to have set aside savings to carry you through emergencies like this. But I know a lot of people, if not most people, just don’t have the money to put enough away to handle a serious emergency. If the accident is not your fault, then most people are going to want to get a lawyer and sue the other people and their insurance company. But that can take over a year to get to court. So what do you do in the meantime?
What the lawyer suggested was getting in touch with a company that provides funding based on their opinion of whether you have a good enough case to win in court. It;s not that hard to look at the other court cases out there and see what kind of settlements they have awarded and compare the facts of your case to the ones that have already been successful. So if this lawsuit finance company thinks you have a good case, they advance you the money you need to pay your house payment or rent, keep the lights one, etc.
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