Do You Need Financial Help While Waiting for Your Lawsuit to Settle?

Litigation funding is a form of financial support where a third party provides money to a plaintiff who has an active lawsuit. Instead of taking out a traditional loan, the plaintiff receives funds in exchange for a portion of the future settlement. If the case is not successful, repayment is not required.

Third party litigation funding is when a non-involved company, such as a litigation funding firm, provides money to help cover living or legal expenses while a lawsuit is pending. The funding company is repaid only if the case settles successfully, making it a non-recourse option.

Many people ask, how does litigation funding work. The process begins with an application, followed by a case review. If approved, the plaintiff receives funds before the case settles. Repayment comes only from the settlement proceeds, not out of pocket.

If you’re wondering how to get litigation funding, the process typically involves submitting basic case information, allowing the funding company to review your claim, and signing a funding agreement. Once approved, funds can be disbursed in as little as 24 hours.

Yes, litigation funding is legal in many states, including Michigan. Litigation funding agreements are regulated and designed to protect plaintiffs by ensuring transparency, fair terms, and non-recourse repayment structures.

Litigation funding companies specialize in providing non-recourse financial support to plaintiffs involved in lawsuits. Unlike banks, these companies do not require credit checks and only receive repayment if the case is successful.

Commercial litigation funding supports businesses involved in legal disputes. This form of funding helps companies manage legal costs, protect cash flow, and pursue valid claims without straining operational budgets.

Funding for litigation can be used to pay for everyday living expenses, medical costs, rent, utilities, and other essential needs while a lawsuit is ongoing. There are typically no restrictions on how the funds are used.

Non-recourse funding litigation means that repayment is required only if the plaintiff wins or settles the case. If the case is unsuccessful, the plaintiff owes nothing, making it a low-risk financial option.

No, litigation funding loans are not traditional loans. They are advances against a future settlement and are non-recourse, meaning there is no repayment obligation unless the case results in compensation.