A lengthy personal injury lawsuit can knock you out financially, and we’re not even talking about paying your attorney’s fees yet. This is where Minnesota lawsuit loans come in.
Several factors affect the schedule of each case. It usually depends on your lawyer’s skills, your demands, both party’s mediation and negotiation, and the court’s deadlines.
An estimated 95% of cases settle out of court, but shaking hands on it is not an assurance that you’ll get your money right away.
While waiting, you’re racking up bills for your medical care and treatment. You’ve probably lost your job or ended up working fewer hours because of your injury, so there’s little income to rely on. Add existing costs for food, rent or mortgage, utilities, co-pays, etc., and you have all the ingredients for a litigation-related burnout.
There’s actually a condition called critogenesis, which comes from a word that literally means “law-caused,” that can occur among plaintiffs.
Fixing your money problem can reduce the weight and, thus, the stress of handling a lawsuit while recovering physically. If only you could cash out your settlement check when you need it most, right?
TriMark can make it happen. Find out how a lawsuit loan could be the financial lifeline you need to get your life back in order.
If you live in Minnesota, you can apply for pre settlement funding from TriMark. It’s a fast, affordable, and risk-free way to get funding without creating additional debt.
Sometimes referred to as “lawsuit loans” or “settlement loans,” pre-settlement funding is a non-recourse cash advance on your future settlement. This means you won’t have to worry about monthly payments. And you only pay us back when you score a settlement or award.
And because it’s your money, you can decide how to spend it.
Use it to clear all of your medical bills. And then take care of rent or mortgage, late-due bills, co-pays, and even food with the balance.
Legal funding from TriMark is also available to settled cases.
If you have a pending or settled civil lawsuit, severe injuries, clear liability against a sufficiently insured defendant, and a minimum threshold of $75,000, you are qualified to apply and receive lawsuit funding.
Applying for lawsuit funding in Minnesota is fast and easy. Just fill out this form or you can call us at (877) 932-2628. It only takes a minute or two to get started.
The good thing is it does not involve upfront costs, credit checks, monthly payments, and income or employment verification. There’s no need for collateral, such as your home, either.
TriMark approves funding requests based on the merits of the cases. And best of all, we won’t ask you to return the advance if your case does not settle or you lose a verdict.
We will consider funding as long as there are pending or settled civil lawsuits in Minnesota.
Apply now and receive your funding in as little as 24 hours after you’re approved.
A landmark Supreme Court of Minnesota ruling abolished champerty in June 2020. Before this, the highest court held that litigation funding constituted champerty, an illegal agreement in which a person not a party to a lawsuit finances it to share in its proceeds. Pre-settlement funding firms can now fully deliver their services to plaintiffs-in-need in the state.
We offer both pre-settlement and post-settlement funding on many types of cases. Some of them are claims for personal injury, employment discrimination, and workplace accidents. Find out if your case qualifies by applying online or calling us.
Our services also include law firm funding, surgery funding, inheritance loans — or an inheritance advance — and structured settlement loans.
Yes. Some types of claims are ineligible for Minnesota lawsuit loans. Among these are workers’ compensation, soft tissue injury, and class action lawsuits.
Pending multidistrict litigation (MDL) for drugs and other cases (pharmaceuticals, medical devices, etc.) are also ineligible, although we accept settled MDL cases.
Filling out our application form takes only a few minutes. Approval may take a few hours to two days since we need to do two things: 1) request your case records from contingency-fee attorney and then 2) start reviewing your application.
Lastly, funds can be transferred into your account within one to 24 hours of approval.
Non-compounding. TriMark Legal Funding guarantees low rates. We put a 2x cap (double your funding amount) to ensure the safety of your settlement money.
Non-compounded rates are the best option to save the most money. Monthly compounding rates can get extremely expensive, especially if they are uncapped.
Legal Info That Impacts Minnesota Lawsuit Loans
|Statute of Limitations||Statute of limitations (SOL) refers to the time range required for bringing up legal action against a certain party. Civil cases can have different SOLs. These deadlines also vary from state to state, or jurisdiction to jurisdiction.
So if you are a victim of personal injury in Minnesota, you have two years from the time the incident occurred to file a claim against the liable party.
Minnesota Statute of Limitations: CIVIL
Injury to Person: 2 years §541.07(1)
Injury to Personal Property: 6 yrs. §541.05(4)
Collection of Debt on Account: -
Collection of Rents: -
* Written: 6 yrs. §541.05(1)
* Oral: 6 yrs. §541.05(1)
Fraud: 6 yrs. §541.05(6)
Judgments: 10 yrs. §541.04
Libel/Slander: 2 years §541.07(1)
* Medical and veterinary: 2 yrs. §541.07(1)
Trespass: 6 yrs. §541.05(3)
Minnesota Statute of Limitations: CRIMINAL: N/A
(Criminal cases are not eligible for legal funding)
|Negligence Doctrine||Each state follows a different doctrine of negligence. There are two concepts states have adopted: contributory negligence and comparative negligence.
Minnesota practices contributory negligence with a limit imposed on the plaintiff’s recovery.
In the traditional sense, this statute won’t allow plaintiffs to recover losses if they are found to be partially at fault.
But in the modified version, the victim can receive compensation if they’re only 49% or less liable for their injuries. The plaintiff won’t be entitled to damages if their responsibility is 51% or higher than the defendant’s.
|Automotive Insurance Coverage Policy Minimums||If you’re a licensed vehicle owner in Minnesota, you are required to have liability coverage in the following amounts:
$30,000 - injuries to one person
$60,000 - injuries to two or more people
$10,000 - physical damage to the other driver’s vehicle or for damage to property
Based on the state’s at-fault system, the party that is proven responsible for an accident will pay for the damages through their insurance provider.
A person can experience at least one car accident in their lifetime. It’s a scary statistic.
But if you already figured in one, you’re likely focused on getting better and proving that the negligence of another party caused the accident. You can then claim damages to recover your losses.
Down the line, if you’re in the middle of a lawsuit or waiting for your settlement funds, your attention can be pulled in different directions. You have medical and household bills to clear, legal documents (that release of all claims form is important) to sign, kids to feed, a mortgage to pay, and so on.
The car accident not only took away your job and health but also robbed you of your peace of mind.
One way to regain the latter is to take back control over your finances.
If you find yourself in a financial tight spot, TriMark can help. Get financing for your case so you can focus again on what matters the most to you.
This cash infusion can also buy you and your lawyer more time in negotiating a fairer, better deal.
We offer legal funding across Minnesota, including the top cities like Minneapolis, Saint Paul, Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Maple Grove, Woodbury, Eagan, Saint Cloud, and Eden Prairie.
If your case is work-related, you may have lost your job at the company you’re suing or the ability to work at all. Or you could be searching for employment elsewhere.
This abrupt change can put a strain on your everyday life, including your finances. When you are dealing with employment litigation, you have damage compensation to count on. But when will that happen?
Branigan Robertson, an employment lawyer based in Orange County, estimated the time employment lawsuits take in California. The factors he mentioned also apply in Minnesota or any state, for that matter:
And here are Robertson’s estimated timelines for different employee litigation classifications:
|Size of the Case||Liability||Branigan’s Estimate|
|Small||Strong Proof||Less than 1 year|
|Small||Weak/Decent Proof||More than 1 year|
|Big||Strong||1 to 2 years|
|Big||Weak/Decent Proof||1.5 to 2.5 years|
Do you have an employment-related case? TriMark Legal Funding offers Minnesota worker non-recourse employment lawsuit loans. Through this option, they get a chance to fight for the compensation they deserve.
If you filed for a third-party liability lawsuit for your injury, you may be eligible for a pre-settlement Minnesota lawsuit loan.
A third-party liability means you are claiming damages as the third party from your employer’s insurance company. The harm or injury happened at work, but the case may or may not be covered by workers’ comp.
A few common examples of this case type are accident lawsuits, negligence, premises liability lawsuits, and products liability lawsuits.
Unfortunately, we do not provide funding for workers’ compensation lawsuits in Minnesota.
With major railroads plying the state, including the BNSF Railway, the state has adequate protection in place for railroad workers through the Federal Employers’ Liability Act (FELA).
FELA, which is also known as the Railroad Workers Act, gives workers of the interstate railroads the right to claim damages for any harm or injury sustained in their workplace.
Every day, these employees are exposed to dangers. They are prone to back injuries, brain injuries, burns, crush injuries, disability, and in worst-case scenarios, death. When they suffer accidents or illness, they can take legal action against their employer, provided that they have proof or can prove negligence on the latter’s part.
Knowing that railroad firms can exercise their power to prolong cases, we offer Minnesota lawsuit loans to FELA plaintiffs who are in dire need of cash.
Aside from FELA or workers’ comp, Minnesota protects maritime employees through the Jones Act. Seamen, for instance, can claim damages associated with injuries sustained while working on a ship.
Also known as the Merchant Marine Act of 1920, this federal statute allows recovery for plaintiffs whose injury or illness was caused by the negligence of their employer. Families of deceased employees may also claim damages for the death of their loved one.
Minnesota lawsuit loans are available for eligible cases under the Jones Act.
Performing unnecessary surgery, failure to diagnose a condition properly, and giving the wrong medication are all grounds for a medical malpractice (med mal) case.
This is an area of law that allows the victim to sue for negligence when there’s likely a breach of standard of care. Usually, the potentially liable party is a doctor, a nurse, an anesthesiologist, another medical professional, or an entity like a pharmaceutical company or hospital.
Med mal has some of the toughest cases to litigate. To establish negligence, you need the help of an expert witness: an educated, licensed, skilled, and trained person in the same technical or scientific field. The judge and jury will consider his or her testimony in deciding whether there was a breach of standard of care.
One survey revealed that while half of medical malpractice claims got resolved in six months or less, only 3% received compensation or settlement. Meanwhile, cases given compensation or settlement lasted 16.9 months on average.
That’s already 1.5 years’ worth of out-of-pocket costs that you won’t recover in case you lose. But if you have a strong case, the long wait can be rewarding.
Still, persistent bills and expenses in the present can sully this positive outlook. Pre-settlement funding can provide some relief to plaintiffs who are facing this kind of problem.
Premise liability lawsuits involve personal injuries suffered on a property because of the owner’s negligence. Aside from the owner, the liability can extend to an occupant or any person given control over a land or premises. For instance, the law recognizes the renter of a commercial or residential property as an occupant.
Meanwhile, visitors of the property are determined traditionally via three distinctions: licensee, invitee, and trespasser. Licensees are invited by the owner for any purpose other than commercial or business. Invitees are invited for commercial or business purposes. Both types have express or implied permission to enter the property, and can recover damages.
Trespassers, however, are entitled to zero to minimal number of damages. They’re presumed to enter the property for their own purposes, without any permission from the owner.
Dog bites, drowning in a pool, falling from a deck or porch, and slip and falls are some of the most common examples of harm that visitors can claim damages for.
TriMark offers excellent premises liability lawsuit funding options in Minnesota for plaintiffs who are running out of cash.
|1. Carolyn G. AndersonZimmerman Reed LLP||6. Victoria Jacobson BrennerCollins, Buckley, Sauntry & Haugh, P.L.L.P.|
|2. Frances E. BaillonBaillon Thome Jozwiak & Wanta LLP||7. Melissa J. ChawlaDeWalt, Chawla + Saksena, LLC|
|3. Nancy Zalusky BergNancy Zalusky Berg, LLC||8. Janel M. DressenAnthony Ostlund Baer & Louwagie P.A.|
|4. Beth E. BertelsonBertelson Law Offices, P.A.||9. Sheila EngelmeierEngelmeier & Umanah, P.A.|
|5. Jane BinderBinder Law Offices, P.A.||10. Samantha J. GemberlingWolf, Rohr, Gemberling & Allen, P.A.|
|1. Joseph W. AnthonyAnthony Ostlund Baer & Louwagie P.A||6. Alan C. EidsnessHenson Efron|
|2. Michael V. CiresiCiresi Conlin LLP||7. John M. KoneckFredrikson & Byron, P.A.|
|3. James H. KasterNichols Kaster, PLLP||8. Eric J. MagnusonRobins Kaplan LLP|
|4. Kathleen Flynn PetersonCiresi Conlin LLP||9. William Z. PentelovitchMaslon LLP|
|5. Jan M. ConlinCiresi Conlin LLP||10. Lewis A. Remele, Jr.Bassford Remele, P.A.|
Seeing a personal injury or employment lawsuit through to the end can test even the strongest of us. Your health, work, and finances are the first to take the hit.
But to continue this legal battle, you must learn to roll with the punches. Pre-settlement loans are a fast, risk-free, and affordable way to get your financial issues out of the way, so you can fight without holding back.
TriMark Legal Funding is committed to staying by your side in these tough times. Find out if there’s a match by applying online or calling us at (877) 932-2628.
So why wait?