Wisconsin Legal Funding
Fast Pre-Settlement Loans in Wisconsin
Are you facing a personal injury lawsuit in the state of Wisconsin?
Many personal injury plaintiffs find it difficult to make vital payments during their case, including the mortgage or rent, medical bills, and other living expenses. Mounting court costs can be even more problematic for those who are unable to work as a result of their accident. Here at Nova Legal Funding, we provide immediate pre-settlement loans to plaintiffs throughout this tough time.
These cases are often complex and may take months, or even years to settle. This is made even worse by insurance companies that purposely delay proceedings as much as possible, forcing you to accept a lower fee.
Here at Nova Legal Funding, our pre-settlement funding allows you to continue with your life during your legal battle. We get the money in your hands within 24 hours of approval of your application. Our cash advances are non-recourse, so you only need to pay if you win, meaning there is no risk in applying for lawsuit funding. Get in touch with our team at any point during your case for a quick and easy loan.
Wisconsin Pre-Settlement Funding Requirements
To begin your lawsuit funding application in Wisconsin, we only need your name, phone number, and your attorney’s contact information.
- No Credit Issues – We will not examine your credit history during any point of the application process.
- Simple Process – Our application is very straightforward and we obtain most details directly from your attorney.
- Risk-Free Cash – You will never have to pay us back if you lose your personal injury case.
Laws and Regulations of Lawsuit Funding in Wisconsin
Important Wisconsin Legal Information
|Avg. Funding per case from Nova Legal Funding||$5,633|
|Fault Laws||Modified Comparative Fault – 51% Bar Damages will be reduced by plaintiff’s fault, and barred completely where plaintiff is more negligent than defendant. Wis. Stat. § 895.045(1).|
|Statute of Limitations||3 years Chapter 893, Sec. 893.54|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person
$50,000 bodily injury liability per accident
$10,000 property damage liability per accident
$25,000 uninsured motorist coverage per person
$50,000 uninsured motorist coverage per accident
|Minimum UIM auto insurance limits||Liability: 25/50/10
UM BI: 25/50
|Workers compensation eligibility||Not Eligible|
In 2018, Wisconsin became the first state to mandate the disclosure of all legal funding agreements. The legislation requiring all third-party litigation funding deals to be disclosed was passed in 2018. The Wisconsin Act 235 demands that plaintiffs “provide to the other parties any agreement” whereby third-party funders will be entitled to a share of profits from a civil action, judgment, or settlement.
Wisconsin Personal Injury Law: How Does it Affect Legal Funding?
Injured parties have three years to file a lawsuit in Wisconsin according to the state’s statute of limitations. Failure to do so means that the courts will be unlikely to hear the case and no damages will be obtained. This generally also applies to medical malpractice lawsuits, though there are some exceptions. For instance, if the injury is discovered at a later date, parties must file a lawsuit within one year, as long as no more than five years have passed since the medical error occurred. This also applies to cases where foreign objects have been left in patients.
Injured parties wishing to make a claim against the government have 120 days to file a notice of claim, though the lawsuit itself does not need to be filed in this time.
Wisconsin courts work under the modified comparative fault system of recovery. This means all parties involved in an accident will be assigned a percentage of fault and can include the plaintiff if they are found to be partially responsible for their own injury. This system determines who will pay for the damages, as well as how much the plaintiff is entitled to. For example, a party found to be 80% responsible will have to pay the same percentage of the total compensation. If the plaintiff holds the remaining 20% responsibility, 20% will be deducted from the value of the compensation they are entitled to. Under this system, the plaintiff can receive damages even if they behaved negligently. However, if they are found to be over 50% responsible, they will be barred from receiving any money during the settlement.
There are no damages caps in the vast majority of personal injury lawsuits in Wisconsin, though non-economic damages (such as pain and suffering) have been limited to $750,000 in medical malpractice cases only. Punitive damages are capped at $200,000, or two times the amount of compensation if this is a greater figure. Punitive damages are rarely awarded as it requires the plaintiff to prove the defendant exhibited extreme or outrageous behavior.
Dog owners in Wisconsin are ‘strictly liable’ for any injuries their pet causes another person, regardless of its past behavior.
Notable Personal Injury Lawyers in Wisconsin
Wisconsin is home to many experienced personal injury lawyers who would be delighted to take on your case:
Mark A. Eisenberg
308 East Washington Avenue Madison, WI 53703
100 E Wisconsin Ave #2800 Milwaukee, WI 53202
D. Tyler Fellows
900 South 10th Street Suite 1, Manitowoc, WI 54221
408 S. Monroe Ave, Green Bay, WI 54301
Robert E. Bellin Jr
4650 W Spencer St, Appleton, WI 54914
Russell D. Nicolet
511 2nd Street Suite 203, Hudson, WI 54016
310 Pinnacle Way, Suite 201, Eau Claire, WI 54701
123 7th Street S., La Crosse, WI 54601
Car Accident and Fatality Statistics in Wisconsin
According to the most recent statistics by the U.S. Department of Transportation’s Fatality Analysis Reporting System, 557 traffic crashes killed 613 people in 2017. This amounts to 10.6 deaths per 100,000 population. Most of the victims were car occupants (45%), 158 were pickup or SUV occupants, and 56 were pedestrians.
Of the drivers killed who were driving under the influence of alcohol, 28% had blood alcohol concentrations above the drink driving limit of 0.08%. Out of all car accidents in Wisconsin, 65% occurred in rural settings as opposed to urban.
The most common car accident cases that we cover are:
- Pedestrian accident
- Car accident
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
For more information about pre-settlement funding in Wisconsin, contact us today and begin your application.
Am I eligible for a lawsuit loan in Wisconsin?
As a general rule, anybody who has suffered an injury as a result of another person or party automatically qualifies for a lawsuit funding application in Wisconsin.
Is it a lawsuit loan or cash advance?
Though typically referred to as lawsuit loans, Nova Legal Funding provides its customers with wholly non-recourse cash advances against their eventual lawsuit settlement. These only need to be repaid by plaintiffs who win their case or obtain a settlement. Those that lose their lawsuit are not obliged to repay this cash advance.
Does it matter how the lawsuit funding is spent?
There are no guidelines regarding how plaintiffs use their lawsuit funding. Though you may spend it how you wish, previous customers have used their cash advance to pay bills, cover living expenses, and take care of mortgage and rent payments.
Apply For Pre-Settlement Funding in Wisconsin Now
At Nova Legal Funding, we have the experience and knowledge to take control over your legal funding in Wisconsin. We aim to provide financial support within 24 hours of approval of your application. Get in touch today to see how our pre-settlement funding in Wisconsin can help your legal case.