Are you awaiting a personal injury lawsuit in the state of Louisiana?
Here at Nova Legal Funding, we provide pre-settlement funding in Louisiana for all plaintiffs experiencing financial struggles as a result of their case. Personal injury lawsuits can often take months, or even years before you receive a payout, and insurance companies are notorious for exploiting this and delaying proceedings in the hope you will accept a lower settlement.
A personal injury lawsuit can be even more taxing if your injury has left you unable to work, and therefore unable to make rent payments, or cover medical bills and other living expenses. This is why so many personal injury plaintiffs require financial assistance, and why Nova Legal Funding is on hand to provide pre-settlement funding in Louisiana.
You can apply for a cash advance any time during your case. The money will be with you in less than 24 hours after approval of the application.
Laws and Regulations of Lawsuit Funding in Louisiana
Important Louisiana Legal Information
|Avg. Funding per case from Nova Legal Funding|
|Fault Laws||Pure Comparative Fault Except for intentional torts, the defendant’s liability will be offset by the plaintiff’s percentage of liability. L.S.A. – C.C. Art. 2323.|
|Statute of Limitations||1 year Ci. Code. Art. 3492|
|Minimum policy limits for bodily injury & property damage||$15,000 bodily injury liability per person $30,000 bodily injury liability per accident $25,000 property damage liability per accident|
|Minimum UIM auto insurance limits||Liability: 15/30/25|
|Workers compensation eligibility||Not Eligible|
Legal funding companies are free to provide pre-settlement funding in Louisiana, though the practice remains largely unregulated. In spite of this, reputable companies like Nova Legal Funding will follow basic best-practice disclosure guidelines when it comes to lawsuit funding contracts in Lousiana, prominently displaying rates, fees, and repayment terms.
However, legal funding companies in Louisiana are unable to offer loans on workers comp cases or soft tissue injury-only cases. Furthermore, a lien will be filed if plaintiffs have received any previous funding on their case. Hence, Nova Legal Funding must be informed of this during the application process, so the repayment can be arranged.
Louisiana Personal Injury Law: How Does it Affect Legal Funding?
Residents of Louisiana have a statute of limitations of one year after the date of the accident. If the injured party does not file a lawsuit against those responsible within this time, it is unlikely Louisiana courts will hear the case and they will be ineligible to receive compensation.
Louisiana jurisdiction follows the comparative fault doctrine, which rules that plaintiffs will have their damages docked if they are found to bear any responsibility for the accident that left them injured. The court will assign a percentage of responsibility to each person involved and this determines the proportion of the damages that need to be paid per party. For example, someone found to be 80% responsible will cover 80% of the payout. However, if the plaintiff is responsible for the remaining 20%, the same percentage will be deducted from their total compensation.
The state of Louisiana gives residents the choice to settle auto accident injuries through the relevant insurance companies instead of through the courts. As drivers are required to carry auto insurance that includes coverage for injuries, this policy may provide a sufficient payout. If not, the injured party is able to take their case to court.
Dog owners in Louisiana must are also liable for any injuries caused by their animals. This is regardless of the dog’s past behavior.
All medical malpractice cases in Louisiana are capped at $500,000, while liable providers are only required to pay $100,000 if they are covered by the state’s Patient Compensation Fund. However, the injured party will receive any amount over $100,000 directly from the fund.
Notable Personal Injury Lawyers in Louisiana
New Jersey has a huge number of experienced personal injury lawyers who can approach your case with expertise and skill:
320 North Carrollton Avenue, Suite 200, New Orleans, LA 70119
1075 Government Street, Baton Rouge, LA 70802
Misti L. Bryant
1819 W. Pinhook Rd., Ste. 250, Lafayette, LA 70508
509 Milam Street, Shreveport, LA 71101
427 Kirby St, Lake Charles, LA 70601
Donald D’Aunoy Jr.
1000 Veterans Memorial Blvd #203, Metairie, LA 70005
Joseph A. Gregorio
1100 Benton Road, Bossier City, LA 71111
Car Accident and Fatality Statistics in Louisiana
According to the most recent records from the U.S. Department of Transportation’s Fatality Analysis Reporting System, 696 fatal crashes occurred in 2017, claiming the lives of 760 people. This amounts to 16.2 deaths per 100,000 population.
34% of these fatalities were car occupants, while 30% were pickup and SUV occupants. Approximately 15% of pedestrians perished in the total fatal motor vehicle accidents. And of the 319 drivers killed with known blood alcohol concentration results, 117 of these had BACs over 0.08 and were therefore over the legal drinking limit.
Nova Legal Funding offers pre-settlement funding for drivers in Louisiana who have been involved in traffic accidents. These are six of the most common:
- Pedestrian accident
- Car accident funding
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Contact Nova Legal Funding today for more information regarding lawsuit loans in Louisiana.
Louisiana Lawsuit Funding FAQs
Do I qualify for lawsuit funding in Louisiana?
If you have sustained an injury caused by another person or entity in the state of Louisiana, you automatically qualify for a quick and easy lawsuit loan application with Nova Legal Funding.
Is the application for a lawsuit loan or a cash advance?
Though commonly referred to as a lawsuit loan, at Nova Legal Funding we offer customers a cash advance against their final lawsuit settlement. This is also a non-recourse advance, which means plaintiffs do not have to repay the funds if they lose their personal injury case.
How can I spend the lawsuit loan?
There are no restrictions in place in terms of how the money is spent. Nova Legal Funding provides support to those in need of financial relief, and past clients have spent their advance on things including medical bills and rent payments.
Apply For Lawsuit Funding in Louisiana Now
Our specialists are on hand to take care of all personal injury plaintiffs requiring financial assistance. Get in touch with a member of the Nova Legal Funding team today for a free case evaluation and more information on pre-settlement funding in Louisiana.
Call us toll-free at (213) 340-5082 to speak with a friendly funding specialist today.