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Following the loss of a loved one, many people find themselves in serious financial trouble, in addition to the emotional turmoil they are already experiencing. Loss of income, health benefits, pension plans, and other financial assets can create serious concern about a family’s future. Pennsylvania wrongful death lawsuits can help families recover some of their financial losses from the parties responsible for their suffering.

Unfortunately, these cases can take some time to settle. Many businesses and insurance providers employ full teams of aggressive attorneys to protect them from lawsuits. Even when these companies are blatantly in the wrong, they can sometimes drag out a court case for years. In the meantime, plaintiffs may be struggling to cover their basic living expenses.

In some cases, plaintiffs address this problem by applying for a lawsuit loan or pre-settlement funding. This is a kind of advance given by lenders to cover necessary expenses until a case is settled. If the lawsuit is successful, the lenders take their repayment from the proceeds. If the courts find in favor of the defendants, lawsuits loans generally do not need to be repaid.

Advantages and Disadvantages

A pre-settlement advance can help plaintiffs cover medical expenses, rent and groceries, legal bills, and other necessities while they wait for their cases to be settled. It can also help plaintiffs avoid losing their cases simply because they cannot afford to let the case drag on as long as the defendants can.

These loans are not always the best option, however. Some people decide that having another loan to repay would just be an additional expense. If you have enough money to get by until your case is settled, applying for a loan may not be in your best interest. An experienced Pennsylvania wrongful death attorney can help you decide what is best for you.

Contact Us

The Pennsylvania wrongful death lawyers of Lowenthal & Abrams, P.C. are committed to helping our clients get the help they need efficiently and effectively. To learn about our legal strategies, contact our offices at 610-667-7511.