Virginia Legal Funding
Quick Pre-Settlement Loans in Virginia
Are you a citizen of Virginia with a personal injury lawsuit pending?
A lengthy legal battle in Virginia could leave you facing financial problems. Here at Nova Legal Funding, we offer pre-settlement loans for Virginia citizens with a pending personal injury lawsuit, available within 24 hours with no credit checks required.
As personal injury lawsuits are often complex in nature, it can take months or even years before you receive any kind of compensation for your injuries. Unfortunately, insurance companies are known to use stalling tactics to encourage you to settle for a lower settlement than you may be entitled to.
As a result, many people facing a personal injury lawsuit in Virginia require financial support. If you have found yourself injured, you may need to take time off work to recover, forcing you to take a pay cut along with a build-up of expensive medical bills. A lawsuit will often take up most of an average income, so having these added expenditures can quickly lead to debt.
At Nova Legal Funding, we offer pre-settlement loans for Virginia-based citizens on a no win no fee basis. This means that if you are not obliged to pay anything back if you do not win your case, removing the risk in applying for lawsuit funding.
You can start the pre-settlement funding at any time during your lawsuit. We’re on hand to provide fast and simple lawsuit funding, giving you and your attorney the time and space you need to negotiate the settlement you deserve.
Virginia Pre-Settlement Funding Requirements
To apply for a lawsuit loan in Virginia, all you need is your name, phone number, and the contact information for your attorney.
- No Credit Necessary – Your credit history will not be inspected by a Nova Legal Funding specialist.
- Hassle-Free Application – The bulk of your application process will take place between Nova Legal Funding and your attorney.
- Risk-Free Cash – You are only required to pay back the funds if you win a settlement. If you lose the lawsuit, you will owe nothing to Nova Legal Funding.
Laws and Regulations of Lawsuit Funding in Virginia
Important Virginia Legal Information
|Avg. Funding per case from Nova Legal Funding||$16,234
Nova can fund anywhere from $500 up to $2,500,000 depending on case value
|Fault Laws||Pure Contributory Negligence
If plaintiff contributes to his damages, he will be barred from all recovery.
Baskett v. Banks, 45 S.E.2d 173 (Va. 1947).
|Statute of Limitations||2 years Title 8.01, Ch. 4, Sec. 8.01-243|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person
$50,000 bodily injury liability per accident
$20,000 property damage liability per accident
|Minimum UIM auto insurance limits||Liability: 25/50/20|
|Workers compensation eligibility||Not Eligible|
Workers compensation cases are not eligible for lawsuit funding in Virginia, due to the plaintiff and attorney receiving individual checks for attorney’s fees and the plaintiff’s portions. This is rather than all the money going to the attorney in one lump sum. Because of this, legal funders are unable to secure their lien against the attorney’s trust account. There are a number of states, along with Virginia, that do not fund workers compensation cases.
You will be ineligible for a pre-settlement loan from Nova Legal Funding if you have already applied for a loan elsewhere for the same case.
Virginia Personal Injury Law: How Does it Affect Legal Funding?
The statute of limitations for personal injury cases in Virginia is two years for the injured party to file a lawsuit against the responsible parties. After that, it is highly unlikely that the courts will hear your case, and any compensation you may have been entitled to will be lost.
Virginia’s judicial system works under pure contributory negligence law, which means that if you are found to have contributed to the accident or injury in any way, the law states that you don’t have a case. The rule, while harsh, states that the other person must be 100% at fault, or you won’t be able to collect any money in damages.
Virginia is a “fault” or “at-fault” state regarding car insurance and accidents. This states that in the event of an accident, the driver’s first option is to sue the driver at fault. If the driver at fault was uninsured or underinsured, the plaintiff may file a claim with their own insurance company.
In some cases, there is a cap on the amount you could collect in damages, but in Virginia, there are no caps on most standard personal injury cases. This means that the amount you could get in both economic and non-economic damages is not limited under state law, in most cases. There are two key exceptions to this rule:
- Damages in medical malpractice cases are capped at $2 million
- Punitive damages are capped at $35,000
Notable Personal Injury Lawyers in Virginia
There are a number of personal injury lawyers in Virginia with the skills and experience needed for any case:
Shelley Swain Berry
317 30th St, Virginia Beach, VA 23451
125 St Pauls Blvd #510, Norfolk, VA 23510
Williams DeLoatche, P.C.
924 Professional Pl, Chesapeake, VA 23320
Marks & Harrison
1500 Forest Avenye, Rm 100, Richmond, VA 23229
Larry King Law
11747 Jefferson Ave #3-E, Newport News, VA 23606
Barrera Law Firm, PLLC
5845 Richmond Hwy Suite 6220, Alexandria, VA 22303
Virginia Car Accident and Fatality Statistics
Data from the Virginia Department of Motor Vehicles show that 819 deaths occurred on Virginia roads in 2018, while a further 136 people (pedestrians and cyclists) died walking or cycling on the roadways. This marks an increase in comparison to the previous year. Statistics from the Insurance Institute for Highway Safety (IIHS), there were 783 fatal crashes in the state of Virginia in 2017. This totalled 839 overall deaths related to car accidents in that year.
Here at Nova Legal Funding, we offer pre-settlement funding for Virginia citizens caught up in a case to help ease any financial strain of suffering from a car accident. The most common cases that we cover are:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
Beyond personal injury and auto accident lawsuits, we have the skills and experience to take charge of all lawsuit funding in Virginia. Get in touch with our team today for a free case evaluation, and for more information about the benefits of a Virginia lawsuit loan.
Which personal injuries qualify for lawsuit funding in Virginia?
Any personal injuries caused by another person or entity automatically qualify for lawsuit funding. As a general rule, if your accident occurred within Virginia and you sustained significant injuries, you automatically qualify for a free and quick application. If you are still not sure, please contact us and we’ll be happy to evaluate your case.
Is it a lawsuit loan or a cash advance?
This type of funding is often referred to as a lawsuit loan or pre-settlement loan. However, the funding is actually a cash advance against your eventual lawsuit settlement and is considered non-recourse. This means that if you lose your case, there is no requirement to pay back the money. We only collect if you win your case or obtain a settlement.
Does it matter how I spend the lawsuit funding?
Pre-settlement loans are designed to help you pay for living expenses during a pending lawsuit. There is no restriction on how you spend this cash advance. Some of our previous clients in Virginia have used the money to pay off debts, cover mortgage or rent payments, afford medical bills or simply to help with daily living.
Apply For Lawsuit Funding in Virginia Now
At Nova Legal Funding, we have the skills and experience to take charge of all lawsuit funding in Virginia. Our funding specialists are available 24/7 so do not hesitate to get in touch. Call us on (800)760-0704 and receive a free case evaluation today.