General Info

Lawsuit funding is a practice in which individuals who are plaintiffs in lawsuits receive money from firms and individuals who take a lien on the proceeds of a personal injury suit in return for immediate cash. It is not considered a loan as the money does not have to be repaid if the plaintiff's lawsuit is unsuccessful; it is a non-recourse advance. Funding companies also advance money for attorney fees; however, some require the plaintiff to receive the funds for their personal injury.