Everything You Need to Know About Jones Act Pre-settlement Funding
If you have an injury or illness, and your doctor says it happened while you were working, you could be eligible to file a lawsuit against your employer.
However, the filing process isn’t simple and can take years to complete.
During this time, you may find yourself facing expensive medical bills that insurance won’t cover completely, which is why many people seek lawsuit loans.
We can help you understand what Jones Act lawsuit loans are and how they work so that you can make an informed decision if this type of financing is right for you.
What is Jones Act?
The Jones Act (officially the Merchant Marine Act of 1920) has been around since before the creation of the U.S. Coast Guard, and it remains in effect today.
Basically, this piece of legislation dictates that vessels that carry goods and/or passengers between U.S. ports must be constructed in the United States and owned by U.S. citizens or permanent residents, all of whom must also be members of the crew on said vessel.
What is a Jones Act lawsuit?
The Jones Act is a federal law that provides protections for seamen who are injured while working on the job.
If you are a seaman who has been injured while working, you may be able to file a lawsuit under the Jones Act.
How do you start a lawsuit?
The first step is finding a qualified maritime lawyer who specializes in Jones Act cases.
Once you have a lawyer, he or she will help you gather evidence and build your case.
If your case is strong, your lawyer will file a complaint with the court and serve the defendant. The defendant will then have an opportunity to respond to the complaint.
If the defendant does not respond, the court may enter a default judgment in your favor.
And, if the defendant does respond, both sides will have an opportunity to present their evidence at a trial.
How lawsuit loans can help me with Jones Act Claims?
If you’re considering filing a Jones Act claim, you may be wondering how you’ll cover the costs of litigation.
A lawsuit loan can help.
Lawsuit loans are non-recourse, meaning you only have to repay the loan if you win your case.
Plus, they can give you the financial security to take on a big corporation and not have to worry about how you’ll make ends meet during the litigation process.
What are the risks when suing?
Any time you file a lawsuit, there’s a risk that you could lose.
This is especially true if you’re suing under the Jones Act, which is a federal law that provides for maritime workers’ compensation.
If you don’t have a strong case, or if the other side has more resources than you do, you could end up owing them money.
And if you can’t pay what you owe, they could garnish your wages or put a lien on your property.
So it’s important to understand the risks before you decide to sue.
Are Jones Act Lawsuit Loans Safe?
Yes, Jones Act lawsuit loans are safe.
They are a form of litigation funding, which means that you are only responsible for repaying the loan if you win your case.
If you lose your case, you don’t have to repay the loan.
This makes them a low-risk option for financing your lawsuit.
For those who have received an injury in the course of their employment, it’s important to know your legal rights in terms of compensation and restitution from the company that injured them.
While the details of these cases can be complex, we specialize in Jones Act lawsuit loans, and we will work to ensure you receive the maximum amount possible in compensation for your injuries.