Washington DC 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 Washington DC Is Prohibited By Law
Due to legislation passed by Washington DC, TriMark Legal Funding is not able to offer pre settlement lawsuit loans, pre settlement funding buyouts, post settlement lawsuit loans, or workers comp settlement loans to residents of the District of Columbia. If the legislation ever changes and legal funding becomes available in Washington DC, we will update this page.
It’s OK though; we have an array of “non-legal-funding-related” financial alternatives for you!
For nearly two decades, TriMark Legal Funding has maintained a large network of private lenders that can provide a host of financial solutions to our clients who, like you, live in one of the states where legal funding is prohibited, restricted, or workers comp funding is not available.
Either that, or they got denied for funding, their case was ineligible for some reason, their attorney wouldn’t cooperate, they had too much prior funding to qualify, or they didn’t qualify for as much funding as they needed.
Whatever the circumstances, they all still need money desperately, just like you do, and we still want to help.
And here’s the thing: Our network of lenders works fast, they like to say ‘yes’ a lot, and they can work with all types of borrowers and all types of credit!
Are you interested in learning how the lenders in our network 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 Washington DC?
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 Washington DC is not possible due to specific laws that prohibit its availability. In Washington DC, 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 Washington DC 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.
Cases That Are Normally Eligible For Legal Funding
Some of the cases that legal funding is available on in other states include:
Funding That Is Still Available In Washington DC
While pre-settlement lawsuit funding and post-settlement cash advances are both prohibited in Washington DC, TriMark does offer a variety of personal finance and business financing options, in addition to attorney post settlement funding and various types of law firm funding.
For heirs and beneficiaries to an estate in probate, i.e. those who are expecting to inherit some money, an inheritance loan on an inheritance near me can provide access to a generous portion of a beneficiary’s inheritance money immediately.
And for annuitants who receive periodic payments from structured settlements but could use a lump sum of cash, selling structured settlement payments for cash is an option.
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 Washington DC 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 Washington DC. 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.
Minnesota Legal Funding FAQ
❓ Do You Offer Alternatives To Legal Funding In Washington DC?
Yes. We have a variety of alternative funding solutions for Washington DC residents who are ineligible for legal funding.
❓ Can I Qualify For A Legal Funding Alternative If I Have Bad Credit?
We make no guarantees, but in all probability, yes. Our lenders can work with almost all borrowers and almost all types of credit.
❓ Are Workers Comp Settlement Loans Available In Washington DC?
No. Workers comp loans are prohibited in Washington DC, although alternative funding options exist that most borrowers should have no trouble qualifying for.
Lawsuit Funding In Washington DC By City
The largest cities in Washington DC are Washington, Shaw, Adams Morgan, Chevy Chase, and Bloomingdale.
TriMark Legal Funding no longer offers pre-settlement loans or post-settlement loans in any part of Washington DC including Adams Morgan, American University Park, Barry Farms, Bloomingdale, Brentwood Village, Buena Vista, Buzzard Point, Capitol Hill, Cathedral Heights, Central Northeast, Chevy Chase, Chevy Chase Heights, Chinatown, Cloisters, Colony Hill, Cookes Park, Douglass Dwellings, Dupont Circle, Dupont Park, East Central, East End, East Washington Heights, Eastland Gardens, Edgewood, Edgewood Terrace, Embassy Park, Fairlawn, Farragut Square, Foggy Bottom, Forest Hills, Foxhall, Foxhall Crescent, Foxhall Terrace, Franklin McPherson Square, Friendship Heights, Gateway, Giesboro, Hampshire Knolls, Indian Rock Terrace, Isherwood, Judiciary Square, Kalorama Heights, Kalorama Triangle, Kingman Park, Lanier Heights, Lincoln Heights, Lincoln Park, Little Indian Rock Terrace, Logan Circle, Massachusetts Avenue Heights, Mayfair-Parkside, Metropolis View, Michigan Park, Mount Vernon Square, North Cleveland Park, North Michigan Park, Northeast Boundary, Northwest Rectangle, Park Place, Penn Branch, Pennsylvania Avenue Heights, Pinehurst Circle, Randle Highlands, Reno, Riggs Park, Rock Creek Gardens, Rosedale, Scott Circle, Senate Heights, Shaw, Shepherd Park, Sheridan-Kalorama, Shipley Terrace, Southeast, Southwest, Stanton Park, Sutton Place, The Cloisters, Thomas Circle, Truxton Circle, University Heights, Varnum, Washington, Washington City, West End, West Over View, Westchester, Westminster, Westmoreland Terrace, Westover Place, and Woodland.
TriMark Legal Funding makes every effort to provide lawsuit loans, loans for lawyers, inheritance advance, probate advance, and sell structured settlement services in 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.