Applying for pre-settlement funding in Lousiana has never been simpler thanks to legal funding company High Rise Financial. We offer our clients exceptional service, quick turn around time with applications being approved and the cash funded within 24 hours of said approval. Unlike a lawsuit loan or settlement loan, lawsuit funding is the better, safer option for victims of personal injury accidents. While your attorney is litigating your case, you do not want to worry about how you will pay back a lawsuit loan or lawsuit cash advance. Leave the risk to the professionals. We at High Rise Financial undergo the entire risk and it is our burden while you can focus on your medical care, recovery and ability to return to work. For these reasons, a pre-settlement lawsuit funding company is the best choice
Deadline to File your Personal Injury Lawsuit in Lousiana
Important considerations for residents of Lousiana filing their personal injury claim or lawsuit there is the statute of limitations, a legal deadline that must be complied with to preserve your claim. In Lousiana, the statute of limitations is one year from the date of the accident. If you fail to file your lawsuit in court before the one year lapses, you may forfeit your claim under a Lousiana court. In this state, the courts follow a comparative fault doctrine which means your recovery and damages will be reduced according to any fault that is allocated to you. This is typically done on a percentage basis. For example, if a judge or jury deems that you the plaintiff were 20% at fault or to blame for the incident, then your potential settlement or recovery awarded will be deducted by said amount.
Interesting Facts about Lousiana Law
For dog bite attacks, the dog owner is held 100% liable for the actions of their dog, regardless of propensity or past behavior. Another interesting fact is the monetary cap on medical malpractice actions in Lousiana. There is a cap of $500,000 that can be awarded to a medical malpractice victim. The caveat is that the liable party will only be required to pay $100,000 of the funds while the state's Patient Compensation Fund will cover the rest and pay it to the personal injury plaintiff.