Minnesota Pre Settlement Funding & Lawsuit Loans

Why Is Lawsuit Funding Illegal In Minnesota?

Lawsuit funding, also known as legal funding or litigation financing, can be a valuable resource for individuals involved in legal disputes. However, navigating the legal landscape surrounding lawsuit funding in Minnesota is not possible due to specific laws that prohibit its availability. In Minnesota, there is a law that makes it illegal for a third party to provide lawsuit funding, commonly referred to as “third-party litigation funding” or “non-recourse loans.”

This rule states that lawyers are not allowed to share fees with non-lawyers, which includes any arrangement where a non-lawyer provides funding for a client’s lawsuit in exchange for a share of the settlement or judgment amount. The purpose of this rule is to maintain the integrity and independence of the legal profession by preventing conflicts of interest and ensuring that decisions made in legal matters are in the best interest of the client.

The rationale behind the prohibition on third-party lawsuit funding in Minnesota stems from concerns about potential unethical practices and interference with the attorney-client relationship. Opponents argue that allowing non-lawyers to provide funding could lead to conflicts of interest, compromised legal strategies, and undue influence on the outcome of the case. By maintaining strict regulations on lawsuit funding, Minnesota aims to preserve the integrity of its legal system and protect the interests of plaintiffs.

However, the prohibition on third-party lawsuit funding can create significant challenges for individuals seeking financial support during the course of their legal cases. Lawsuits can be lengthy and expensive endeavors, often resulting in financial hardships for plaintiffs who may require immediate funds for medical bills, living expenses, or legal costs. Without access to lawsuit funding, individuals involved in legal disputes in Minnesota may face difficulties in obtaining the necessary resources to pursue their claims fully.

It is important to note that while third-party lawsuit funding is restricted, there are alternatives available to plaintiffs in Minnesota. Plaintiffs who need money now may explore other options such as personal loans, borrowing from friends or family, or seeking financial assistance from charitable organizations. Additionally, attorneys may offer contingency fee arrangements, where they only receive payment if the case is successful, alleviating some of the financial burden for plaintiffs.

Lawsuit Funding In Minnesota By City

^{The largest cities in Minnesota are Minneapolis, St. Paul, Rochester, Bloomington, Duluth, Brooklyn Park, Plymouth, Woodbury, Lakeville, and Blaine.}

TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Minnesota including Ada, Adams, Adolph, Adrian, Afton, Ah-Gwah-Ching, Aitkin, Akeley, Albany, Albert Lea, Alberta, Albertville, Alden, Aldrich, Alexandria, Almelund, Alpha, Altura, Alvarado, Amboy, Andover, Angle Inlet, Angora, Angus, Annandale, Anoka, Apple Valley, Appleton, Arco, Arden Hills, Argyle, Arlington, Ashby, Askov, Atwater, Audubon, Aurora, Austin, Avoca, Avon, Babbitt, Backus, Badger, Bagley, Baker, Balaton, Barnesville, Barnum, Barrett, Battle Lake, Baudette, Baxter, Baxters, Bayport, Beardsley, Beaver, Bay, Beaver Creek, Becker, Bejou, Belgrade, Belle Plain, Bellingham, Beltrami, Belview, Bemidji, Bena, Benedict, Benson, Bertha, Bethel, Bible College, Big Falls, Big Fork, Big Lake, Bigelow, Birchdale, Bird Island, Biwabik, Blackduck, Blaine, Blomkest, Blooming Prairie, Bloomington, Blue Earth, Bluffton, Bock, Borup, Bovey, Bowlus, Bowstring, Boyd, Braham, Brainerd, Brandon, Breckenridge, Brewster, Bricelyn, Brimson, Britt, Brook Park, Brooklyn Center, Brooklyn Park, Brooks, Brookston, Brooten, Browerville, Browns Valley, Brownsdale, Brownsville, Brownton, Bruno, Buckman, Buffalo, Buffalo Lake, Buhl, Burnsville, Burtrum, Butterfield, Buyck, Byron, Caledonia, Callaway, Calumet, Cambridge, Campbell, Canby, Cannon Falls, Canosia, Canton, Canyon, Carlos, Carlton, Carver, Cass Lake, Castle Rock, Cedar, Center City, Centerville, Ceylon, Champlin, Chandler, Chanhassen, Chaska, Chatfield, Chisago City, Chisholm, Chokio, Circle Pines, Clara City, Claremont, Clarissa, Clarkfield, Clarks Grove, Clear Lake, Clearbrook, Clearwater, Clements, Cleveland, Climax, Clinton, Clitherall, Clontarf, Cloquet, Cohasset, Cokato, Cold Springs, Coleraine, Collegeville, Cologne, Columbia Heights, Comfrey, Comstock, Conger, Cook, Coon Rapids, Corcoran, Correll, Cosmos, Cottage Grove, Cotton, Cottonwood, Courtland, Crane Lake, Cromwell, Crookston, Crosby, Crosslake, Crystal, Currie, Cushing, Cyrus, Dakota, Dalbo, Dalton, Danube, Danvers, Darfur, Darwin, Dassel, Dawson, Dayton, Deephaven, Deer Creek, Deer River, Deerwood, Delano, Delavan, Dellwood, Dennison, Dent, Detroit Lakes, Dexter, Dilworth, Dodge Center, Donaldson, Donnelly, Dover, Dovray, Duluth, Dumont, Dundas, Dunnell, Eagan, Eagle Bend, Eagle Lake, East Grand Forks, Easton, Echo, Eden Prairie, Eden Valley, Edgerton, Edina, Effie, Eitzen, Elbow Lake, Elgin, Elizabeth, Elk River, Elko, Elkton, Ellendale, Ellsworth, Elmore, Elrosa, Ely, Elysian, Embarrass, Emily, Emmons, Erhard, Erskine, Esko, Essig, Euclid, Evansville, Eveleth, Excelsior, Eyota, Fairfax, Fairmont, Falcon Heights, Fall Lake, Faribault, Farmington, Farwell, Federal Dam, Felton, Fergus Falls, Fertile, Fifty Lakes, Finland, Finlayson, Fisher, Flensburg, Flom, Floodwood, Foley, Forbes, Forest Lake, Foreston, Fort Ripley, Fosston, Fountain, Foxhome, Franklin, Frazee, Freeborn, Freeport, Fridley, Frontenac, Frost, Fulda, Garden City, Garfield, Garrison, Garvin, Gary, Gatzke, Gaylord, Geneva, Georgetown, Ghent, Gibbon, Gilbert, Gilman, Glencoe, Glenville, Glenwood, Glyndon, Golden Valley, Gonvick, Good Thunder, Goodhue, Goodland, Goodridge, Graceville, Granada, Grand Forks, Grand Marais, Grand Meadow, Grand Portage, Grand Rapids, Grandy, Granite Falls, Grant, Grasston, Green Isle, Greenbush, Greenwald, Grey Eagle, Grove City, Grygla, Gully, Hackensack, Hallock, Halma, Halstad, Ham Lake, Hamburg, Hamel, Hampton, Hancock, Hanley Falls, Hanover, Hanska, Hardwick, Harmony, Harris, Hartland, Hastings, Hawick, Hawley, Hayfield, Hayward, Hector, Henderson, Hendricks, Hendrum, Henning, Herman, Hermantown, Heron Lake, Hewitt, Hibbing, Hill City, Hillman Hills, Hinckley, Hines, Hitterdal, Hoffman, Hokah, Holdingford, Holland, Hollandale, Holloway, Holmes City, Homer, Hope, Hopkins, Houston, Hovland, Howard Lake, Hoyt Lakes, Hubbard, Hugo, Humboldt, Huntley, Hutchinson, Ihlen, Illgen City, International Falls, Inver Grove Heights, Iona, Iron, Ironton, Isabella, Isanti, Isle, Ivanhoe, Jackson, Jacobson, Janesville, Jasper, Jeffers, Jenkins, Jordan, Kanaranzi, Kandiyohi, Karlstad, Kasota, Kasson, Keewatin, Kelliher, Kellogg, Kennedy, Kenneth, Kensington, Kent, Kenyon, Kerkhoven, Kerrick, Kettle River, Kiester, Kilkenny, Kimball, Kingston, Kinney, Knife River, La Crescent, La Salle, Lafayette, Lake Benton, Lake Bronson, Lake City, Lake Crystal, Lake Elmo, Lake George, Lake Hubert, Lake Itasca, Lake Kabetogama, Lake Lillian, Lake Minnetonka, Lake of the Woods, Lake Osakis, Lake Park, Lake Shore, Lake Vermilion, Lake Wilson, Lakefield, Lakeland, Lakeville, Lamberton, Lancaster, Lanesboro, Lansing, LaPorte, Lastrup, Le Center, Le Roy, Le Sueur, Leech Lake, Lengby, Leonard, Leota, Lester Prairie, Lewiston, Lewisville, Lindstrom, Lino, Lakes Lismore, Litchfield, Little Canada, Little Falls, Little Marais, Littlefork, Loman, Long Lake, Long Prairie, Longville, Lonsdale, Loretto, Lowry, Lucan, Lutsen, Luverne, Lyle, Lynd, Mabel, Madelia, Madison, Madison Lake, Magnolia, Mahnomen, Mahtomedi, Makinen, Mankato, Mantorville, Maple Grove, Maple Lake, Maple Plain, Mapleton, Maplewood, Marble, Marcell, Marietta, Marine on Saint Croix, Markville, Marshall, Max, Mayer, Maynard, Mazeppa, Mc Grath, McGregor, McIntosh, Meadowlands, Medford, Medina, Melrose, Melrude, Menahga, Mendota, Mendota Heights, Mentor, Merrifield, Middle River, Milaca, Milan, Millville, Milroy, Miltona, Minneapolis, Minneota, Minnesota City, Minnesota Lake, Minnetonka, Minnetonka Beach, Minnetrista, Mizpah, Montevideo, Montgomery, Monticello, Montrose, Moorhead, Moose Lake, Mora, Morgan, Morris, Morristown, Morton, Motley, Mound, Mounds View, Mountain Iron, Mountain Lake, Murdock, Nashwauk, Nassau, Navarre, Naytahwaush, Nelson, Nerstrand, Nett Lake, Nevis, New Auburn, New Brighton, New Germany, New Hartford, New Hope, New London, New Market, New Munich, New Prague, New Richland, New Ulm, New York Mills, Newfolden, Newport, Nicollet, Nielsville, Nimrod, Nisswa, Norcross, North Branch, North Mankato, North Oaks, North Saint Paul, Northfield, Northome, Northrop, Norwood, Oak Grove, Oak Island, Oak Park, Oak Park Heights, Oakdale, Oakland, Odessa, Odin, Ogema, Ogilvie, Okabena, Oklee, Olivia, Onamia, Ormsby, Oronoco, Orr, Ortonville, Osage, Osakis, Oslo, Osseo, Ostrander, Ottertail, Outing, Owatonna, Palisade, Park Rapids, Parkers, Prairie, Paynesville, Pease, Pelican Rapids, Pemberton, Pengilly, Pennington, Pennock, Pequot Lakes, Perham, Perley, Peterson, Pierz, Pillager, Pine City, Pine Island, Pine River, Pipestone, Plainview, Plato Plummer, Plymouth, Ponemah, Ponsford, Popple Creek, Porter, Preston, Princeton, Prinsburg, Prior Lake, Proctor, Puposky, Racine, Ramsey, Randall, Randolph, Ranier, Ray, Raymond, Reading, Reads Landing, Red Lake Falls, Red Wing, Redby, Redlake, Redwood Falls, Remer, Renville, Revere, Rice, Richfield, Richmond, Richville, Richwood, Robbinsdale, Rochert, Rochester, Rock Creek, Rockford, Rockville, Rogers, Rollingstone, Roosevelt, Roscoe, Rose Creek, Roseau, Rosemount, Roseville, Rothsay, Round Lake, Royalton, Rush City, Rushford, Rushmore, Russell, Ruthton, Rutledge, Sabin, Sacred Heart, Saginaw, Saint Anthony, Saint Bonifacius, Saint Charles, Saint Clair, Saint Cloud, Saint Francis, Saint Hilaire, Saint James, Saint Joseph, Saint Louis Park, Saint Martin, Saint Michael, Saint Paul, Saint Paul Park, Saint Peter, Salol, Sanborn, Sandstone, Sargeant, Sartell, Sauk Centre, Sauk Rapids, Savage, Sawyer, Scandia, Schroeder, Seaforth, Searles, Sebeka, Shafer, Shakopee, Shelly, Sherburn, Shevlin, Shoreview, Shorewood, Side Lake, Silver Bay, Silver Creek, Silver Lake, Slayton, Sleepy Eye, Solway, Soudan, South Haven, South International Falls, South Saint Paul, Spicer, Spring Grove, Spring Lake, Spring Lake Park, Spring Park, Spring Valley, Springfield, Squaw Lake, Stacy, Stanchfield, Staples, Starbuck, Steen, Stephen, Stewart, Stewartville, Stillwater, Stockton, Storden, Strandquist, Strathcona, Sturgeon Lake, Sunburg, Sunfish Lake, Swan River, Swanville, Taconite, Talmoon, Tamarack, Taopi, Taunton, Taylors Falls, Tenstrike, Thief River Falls, Tintah, Tofte, Togo, Tower, Tracy, Trail, Trimont, Trosky, Truman, Twig, Twin Valley, Two Harbors, Tyler, Ulen, Underwood, Upsala, Utica, Vadnais Heights, Verdi, Vergas, Vermillion, Verndale, Vernon Center, Vesta, Victoria, Viking, Villard, Vining, Virginia, Wabasha, Wabasso, Waconia, Wadena, Wahkon, Waite Park, Waldorf, Walker, Walnut Grove, Waltham, Wanamingo, Wanda, Wannaska, Warba, Warren, Warroad, Warsaw, Waseca, Waskish, Watertown, Waterville, Watkins, Watson, Waubun, Waverly, Wayzata, Webster, Welch, Welcome, Wells, Wendell, West Concord, West Saint Paul, West Union, Westbrook, Wheaton, White Bear Lake, White Earth, Willernie, Williams, Willmar, Willow River, Wilmont, Wilton, Windom, Winger, Winnebago, Winona, Winsted, Winthrop, Winton, Wirt, Wolf Lake, Wolverton, Wood Lake, Woodbury, Woodstock, Worthington, Wrenshall, Wright, Wykoff, Wyoming, Young America, Zimmerman, Zumbro Falls, and Zumbrota.