Delaware pre-settlement funding is a financial service that provides cash advances to plaintiffs involved in personal injury lawsuits before their cases are resolved. This type of legal funding for personal injury plaintiffs helps cover immediate expenses.
That way, you don’t have to wait for your settlement or judgment to stay on top of your finances. More specifically, car accident pre-settlement funding is a non-recourse cash advance that can help you if you’re involved in a personal injury case that has you facing financial challenges.
This experience can feel overwhelming and confusing, but with Pegasus Legal Capital by your side, you’re never alone. We’ve been helping people just like you since 2007. Reach out to learn more about Delaware car accident pre-settlement funding today.
What Pre-Settlement Funding Entails in Delaware
Personal injury pre-settlement funding is a non-recourse financial advance made to plaintiffs involved in ongoing personal injury lawsuits. These advances are only repayable if the plaintiff obtains a favorable verdict or settlement.
If a case is lost, the plaintiff owes nothing to the pre-settlement funding provider. This is one way to make sure no traditional loan obligations—such as credit checks or income validation—are required. In fact, Delaware courts have formally upheld the legality of pre-settlement funding.
More specifically, a 2016 ruling by Supreme Court Judge Jan R. Jordan dismissed challenges to litigation funding, affirming that plaintiffs may utilize such arrangements without jeopardizing due legal process.
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Eligibility and Evaluation Criteria
Eligibility depends not on a plaintiff’s financial background but strictly on the strength and merits of the pending car accident claim. Funding providers in Delaware often assess the following factors:
- The case’s expected settlement value
- The case timeline
- The projected outcome
In doing so, they often liaise directly with the attorney representing the plaintiff. These advances typically bypass traditional requirements, such as credit checks, employment verification, or collateral.
Instead, the evaluation is case-centric, meaning it’s accessible to people regardless of their personal credit score or income level.
Delaware’s Legal Context for Car Accident Claims
Car accident cases in Delaware are shaped by several state-specific rules that directly affect compensation and access to funding.
Modified Comparative Fault
Delaware operates under a modified comparative-fault rule. Under 10 Del. C. § 8132, a plaintiff whose fault equals or exceeds 50% cannot recover damages. This means plaintiffs remain financially vulnerable unless their share of fault is under 50%.
Insurance Requirements & PIP Coverage
Delaware mandates specific minimum liability insurance:
- $25,000 per person for bodily injury or death
- $50,000 total per accident for bodily injury or death
- $10,000 for property damage per accident
Additionally, Delaware requires Personal Injury Protection (PIP) coverage, often around $15,000. This is designed to cover medical expenses and lost wages for up to two years post-accident.
These mandatory coverage thresholds inform the practical viability of funding. Since low insurance limits may constrain recoverable compensation, funding providers must carefully assess whether a case’s value justifies an advance.
Statute of Limitations
Delaware law imposes a two-year statute of limitations for personal injury claims. In other words, plaintiffs must take legal action within 24 months or risk forfeiting their right to sue altogether.
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Funding Terms and Practices in Delaware
Pre-settlement funding in Delaware follows a set of rules designed to protect plaintiffs while creating and upholding transparency.
Non-Recourse Structure
Delaware pre-settlement funding is structured as non-recourse. Funds are only repayable from settlement proceeds, and if the claim fails, repayment is waived. Thus, the plaintiff bears no personal financial risk.
Licensing and Disclosure Requirements
Delaware requires funding entities to comply with licensing and transparency standards. Providers must remain neutral regarding case outcomes and cannot improperly influence litigation.
The full disclosure of terms—including interest rates, flat fees, and repayment triggers—is also mandated.
Speed and Access
Delaware providers typically offer rapid decision-making and funds disbursement within 24 to 48 hours. That way, plaintiffs can meet urgent financial needs without delay.
Your pre-settlement funding consultation is free — contact us today!
Typical Timeline of a Delaware Car Accident Case
The duration of a car accident claim in Delaware varies widely depending on case details, including the severity of your injuries and whether the matter settles out of court or proceeds to trial.
Simple claims may resolve in several months, while contested liability cases with extensive medical documentation can take years. During this waiting period, pre-settlement funding can help you make sure financial hardship does not force you into premature settlements.
Call Pegasus Legal Capital Today for More Details About Car Accident Pre-Settlement Funding in Delaware
If you’re facing the aftermath of a car collision case in the state of Delaware, financial uncertainty can make the process feel even harder than it already is. But you don’t have to try to manage everything on your own while waiting for your settlement to arrive.
At Pegasus Legal Capital, we’ve been committed to helping accident victims find financial stability since 2007. Our pre-settlement funding solutions are designed to give you peace of mind and help you stay focused on recovering while your case progresses.
Don’t let expenses create added stress in your life. Get in touch with us today to explore your funding options and take back control of your financial situation.
Your pre-settlement funding consultation is free — contact us today!