What Risks Are Involved in Pre-Settlement Legal Funding?
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February 10, 2025
At Mustang Funding, pre-settlement funding is a non-recourse financial arrangement. This means that the funds are advanced to the plaintiff (the person filing the lawsuit) with the understanding that repayment is contingent upon a successful settlement or court verdict. If the lawsuit does not result in a financial award, the plaintiff is not required to […]
No, attorneys cannot provide pre-settlement funding for your pending lawsuit. They are required to act in their client’s best interests without being influenced by financial considerations. Providing funding directly could create a financial stake for the attorney in the outcome of the case, potentially compromising their objectivity. However, pre-settlement lawsuit funding from Mustang Funding helps […]
Yes, pre-settlement funding qualifications vary by state. Since there are no federal laws regulating pre-settlement funding, each state sets its own rules regarding eligibility, required documentation, funding limits, and borrower protections. Some states strictly regulate legal funding, while others allow for more flexibility. In this article, we’ll explore why these differences exist, how they impact […]
You have been waiting patiently for your lawsuit settlement check. Unfortunately, even after your lawyer receives the check, they can hold onto the funds for quite some time. How long your lawyer can hold your settlement check depends on the specific circumstances of your lawsuit. In the meantime, you may be facing financial instability and […]
Cashing a settlement check after winning a personal injury case may require special arrangements due to the size of the amount. If you have an account with a bank or credit union, you can cash or deposit it. Be aware that some banks may place a hold on large amounts until it clears. You can […]
The short answer is yes, a personal injury settlement may affect your Medicaid benefits, as Medicaid is a needs-based program with strict income and asset limits. However, careful structuring and management of your settlement may help you protect your eligibility. How Does Medicaid Affect Personal Injury Settlements? Your Medicaid eligibility is determined by both your […]
Even when liability is clear in a lawsuit, it can still take a long time to receive your settlement check. Insurance companies know that plaintiffs experiencing financial instability may agree to lower settlements due to the hardships caused by their damages and losses. This is where pre-settlement funding from Mustang Funding can make all the […]
To learn more about attorney and law firm funding and its benefits for your practice, contact Mustang Funding today. Our team of experts has a combined 100+ years of experience in the finance industry and 50+ years in litigation finance.
Mustang Litigation Funding works with capital partners and affiliated entities to provide a non-recourse cash advance to an individual. All non-recourse cash advances are subject to review and approval. Not all cases or requests will qualify. Certain states regulate non-recourse cash advances and may disqualify an applicant from receiving a non-recourse cash advance from Mustang Litigation Funding or its partners/affiliates.
This web site is for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or investment advice. You should consult your own tax, legal, investment advisors before engaging in any transaction.