Connecticut lawsuit funding is no longer available to help plaintiffs get the money they need to pay bills while their lawsuit is still pending or even after it is settled. But don’t worry; TriMark Legal Funding has you covered.
Legal Funding in Connecticut Is Prohibited By Law
Due to recent legislation passed by the state of Connecticut, TriMark Legal Funding can no longer offer pre settlement loans, pre settlement loan buyouts, post settlement loans, or pre settlement funding on workers compensation claims to residents of the state of Connecticut. If the legislation ever changes and legal funding becomes available in Connecticut again, we will update this page.
It’s OK though; we have an array of “non-legal-funding-related” financial alternatives for you!
For almost two decades now, TriMark Legal Funding has maintained a network of private lenders and financiers that can provide a wide array of financial solutions to our clients and would-be clients who, like you, were denied because they live in one of the states that legal funding is prohibited in, or has significant restrictions or limitations in place, or workers comp funding is not available.
Either that, or their case was ineligible for legal funding for some reason, their attorney wouldn’t cooperate, they had excessive prior funding, or they didn’t qualify for as much funding as they needed.
Whatever the circumstances, they all still need money immediately, and we still want to help.
And here’s the thing: Our network of private lenders work fast, they really like to say ‘yes’ a lot, and they can work with almost all types of borrowers and all types of credit!
Want to know how our network of lenders can help you?
Legal Funding Is Not Available
This State Prohibits Legal Funding
If you need money now and would like information about some alternative funding options that may be available, please complete this form.
Why Is Lawsuit Funding Illegal In Connecticut?
Legal funding, also known as lawsuit loans, lawsuit funding, or litigation funding, has gained popularity as a viable option for individuals involved in legal disputes to secure financial assistance during the course of their lawsuits. However, it is important to note that legal funding is currently illegal in Connecticut due to specific legislation enacted to safeguard the interests of its residents.
The specific law that makes legal funding illegal in Connecticut is Connecticut General Statutes, Section 36a-555.
Section 36a-555 explicitly prohibits the practice of legal funding within the state. This legislation was introduced to ensure consumer protection and to prevent exploitation of vulnerable individuals who may be experiencing financial difficulties during ongoing legal proceedings. The law aims to establish a level playing field for all parties involved in a lawsuit, preserving the integrity of the judicial system and ensuring fairness.
Benefits Missed by Connecticut Residents
While legal funding remains prohibited in Connecticut, residents unfortunately miss out on several potential benefits, including:
- Access to Justice
Legal funding serves as a crucial resource for individuals who are facing financial constraints while pursuing legal action. By providing upfront funds to cover living expenses, medical bills, or legal fees, legal funding enables plaintiffs to level the playing field and pursue their cases without compromising their financial stability. - Reduced Financial Stress
Lawsuits can be financially burdensome, often requiring significant out-of-pocket expenses. Legal funding alleviates this stress by bridging the gap between immediate financial needs and the eventual settlement or judgment of the case. This relief allows plaintiffs to focus on their legal matters without the strain of mounting debt or compromised quality of life. - Equality in Legal Representation
Legal funding can help balance the scales of justice, especially for those who lack the means to pursue their claims vigorously. By providing funds to cover legal expenses, plaintiffs may be better equipped to secure skilled legal representation, increasing their chances of success in court. - Expedited Resolutions
With the financial pressure eased by legal funding, plaintiffs can avoid settling for less than they deserve due to mounting expenses or time constraints. This ultimately encourages fair and just resolutions, benefiting both the plaintiffs and the judicial system as a whole. - Economic Stimulation
Legal funding empowers plaintiffs to actively participate in the legal process, which in turn drives economic activity. By providing financial stability, plaintiffs have the means to continue supporting local businesses, paying bills, and contributing to the economy.
While Connecticut’s prohibition of legal funding aims to protect its residents, it inadvertently denies them access to vital financial resources during ongoing legal proceedings. By recognizing the potential benefits that legal funding can offer, lawmakers and policymakers may revisit the existing legislation to strike a balance between consumer protection and the empowerment of individuals seeking justice.
As the legal landscape continues to evolve, it is essential to explore alternative options to ensure fair access to legal funding while maintaining appropriate regulation and oversight.
Cases That Are Normally Eligible For Legal Funding
Some of the cases that legal funding is available on in other states include:
- Pre settlement loans on auto accidents
- Civil rights lawsuit loans
- Slip and fall lawsuit loan
- Motor vehicle accident lawsuit settlement loans
- Settlement funding for medical malpractice
- Workplace accidents
- Pre settlement funding on workers compensation
- Personal injury settlement loans
- Employment law legal funding
- FELA lawsuit settlement funding
- Quid pro quo sexual harassment lawsuit loans
- Workplace accidents
- Legal funding on soft tissue injury lawsuits
- Jones Act lawsuit settlement funding
- Police excessive force lawsuit loans
- Workplace harassment lawsuit loans
- Wrongful imprisonment lawsuit loan
- Sexual abuse lawsuit settlement loans
- Clergy sexual abuse lawsuit
- Nursing home lawsuit loans
- Truck accident pre settlement funding
- Employment discrimination lawsuit settlement loans
- Soft tissue injury lawsuits
- Workplace discrimination lawsuit loans
Funding That Is Still Available In Connecticut
While pre-settlement loans and post-settlement loans are both prohibited in Connecticut, TriMark does still offer a variety of personal financing and business finance options, in addition to lawyer funding and various types of law firm financing.
For heirs and beneficiaries, we can provide an inheritance loan, which can provide access to a generous portion of a beneficiary’s inheritance money immediately.
And for annuitants receiving periodic payments from a structured settlement but could use a lump sum of cash instead, can sell structured settlement payments for cash.
Although third-party lawsuit funding is not accessible in Connecticut, there are still resources that individuals can turn to when facing financial difficulties during a legal dispute.
Not only may attorneys offer contingency fees, but plaintiffs who need money immediately may also explore alternatives like personal loans and borrowing from friends or family.
Moreover, charitable organizations can be a source of support as well. With these options, plaintiffs do not have to go through the hassle of finding funds for medical bills, living expenses, and other costs associated with lawsuits.
Connecticut Legal Funding FAQ
❓ Do You Offer Any Alternatives To Legal Funding In Connecticut?
Yes. We have a variety of alternative funding options for Connecticut residents who find that they are ineligible for legal funding.
❓ Can I Qualify For Any Legal Funding Alternative If I Have Poor or Bad Credit?
We make no guarantees, but in all likelihood, yes. Our private network of lenders and financiers can work with almost all borrowers and almost all types of credit.
❓ Is Workers Compensation Funding Available In Connecticut?
No. Like regular legal funding, workers comp loans are prohibited in Connecticut. We have a wide variety of alternative funding options available for residents of Connecticut, and most borrowers shouldn’t have any trouble qualifying.
Lawsuit Funding In Connecticut By City
The largest cities in Connecticut are Bridgeport, Stamford, New Haven, Hartford, Waterbury, Norwalk, Danbury, New Britain, West Hartford, and Greenwich.
TriMark Legal Funding no longer offers pre-settlement funding or post-settlement funding in any part of Connecticut includingAbington, Allingtown, Amston, Andover, Ansonia, Ashford, Avon, Ballouville, Baltic, Bantam, Barkhamsted, Beacon Falls, Berlin, Bethany, Bethel, Bethlehem, Bishops Corner, Bloomfield, Bolton, Botsford, Bozrah, Branford, Bridgeport, Bridgewater, Bristol, Broad, Brook, Brookfield, Brooklyn, Burlington, Canaan, Canterbury, Canton, Center, Centerbrook, Central Village, Chaplin, Cheshire, Chester, Clinton, Cob, Cobalt, Colchester, Colebrook, Collinsville, Columbia, Cornwall, Cornwall Bridge, Coventry, Cromwell, Danbury, Danielson, Darien, Dayville, Deep River, Derby, Durham, East Berlin, East Canaan, East Glastonbury, East Granby, East Haddam, East Hampton, East Hartford, East Hartland, East Haven, East Killingly, East Lyme, East Windsor, East Windsor Hill, East Woodstock, Eastford, Easton, Ellington, Enfield, Essex, Fabyan, Fairfield, Falls Village, Farmington, Franklin, Gales Ferry, Gaylordsville, Georgetown, Gilman, Glasgo, Glastonbury, Goshen, Granby, Greens Farms, Greenwich, Griswold, Grosvenor Dale, Groton, Groton Long Point, Guilford, Haddam, Hadlyme, Hamden, Hampton, Hanover, Hartford, Hartland, Harwinton, Hawleyville, Hebron, Higganum, Ivoryton, Jewett City, Kensington, Kent, Killingly, Killingworth, Lakeside, Lakeville, Lebanon, Ledyard, Lisbon, Litchfield, Lyme, Madison, Manchester, Mansfield, Mansfield Center, Mansfield Depot, Maple Hill, Marble Dale, Marion, Marlborough, Mashantucket, Melrose, Meriden, Middle Haddam, Middlebury, Middlefield, Middletown, Milford, Milldale, Monroe, Montville, Moodus, Moosup, Morris, Mystic, Naugatuck, New Britain, New Canaan, New Fairfield, New Hartford, New Haven, New London, New London NSB, New Milford, New Preston, Newington, Newtown, Niantic, Noank, Norfolk, North Branford, North Canaan, North Canton, North Franklin, North Granby, North Grosvenordale, North Haven, North Stonington, North Westchester, North Windham, Northfield, Northford, Norwalk, Norwich, Oakdale, Oakville, Old Greenwich, Old Lyme, Old Mystic, Old Saybrook, Oneco, Orange, Oxford, Pawcatuck, Pequabuck, Pine Meadow, Plainfield, Plainville, Plantsville, Pleasant Valley, Plymouth, Pomfret, Pomfret Center, Poquonock, Portland, Preston, Prospect, Putnam, Quaker Hill, Quinebaug, Redding, Ridge, Ridgefield, Riverside, Riverton, Rockfall, Rockville, Rocky Hill, Rogers, Rowayton, Roxbury, Salem, Salisbury, Sandy Hook, Scotland, Seymour, Sharon, Shelton, Sherman, Silver Lane, Simsbury, Somers, Somersville, South Britain, South Glastonbury, South Kent, South Lyme, South Norwalk, South Willington, South Windham, South Windsor, South Woodstock, Southbury, Southington, Southport, Sprague, Springs Stafford, Stafford, Staffordville, Stamford, Sterling, Stevenson, Stonington, Storrs, Storrs Mansfield, Stratford, Suffield, Taconic, Taftville, Tariffville, Terryville, Thomaston, Thompson, Tolland, Torrington, Trumbull, Uncasville, Union, Unionville, Vernon, Vernon Rockville, Versailles, Voluntown, Wallingford, Warren, Washington, Washington Depot, Waterbury, Waterford, Watertown, Wauregan, Weatogue, West Cornwall, West Granby, West Hartford, West Hartland, West Haven, West Mystic, West Simsbury, West Suffield, Westbrook, Weston, Westport, Wethersfield, Whitneyville, Willimantic, Willington, Wilton, Winchester, Windham, Windsor, Windsor Locks, Winsted, Wolcott, Woodbridge, Woodbury, Woodstock, Woodstock Valley, Yalesville, and Yantic.
TriMark Legal Funding endeavors to serve the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming. However, legal funding is not available in these prohibited states or in these workers comp states.