Yes, you can obtain a lawsuit loan in Ohio. Lawsuit funding providers offer financial assistance to plaintiffs in Ohio who are involved in ongoing legal cases, helping them manage their expenses during the litigation process.
If you’re in Ohio and pursuing a lawsuit, you may have questions about lawsuit loans.
Here, we address some of the common queries related to Ohio lawsuit loans to provide you with clarity and guidance on this financial option.
At Mayfair Legal Funding, we understand that navigating the legal and financial complexities of a lawsuit can be challenging. That’s why we’ve streamlined the lawsuit loan process in Ohio to make it as easy and accessible as possible.
Here’s a step-by-step overview of what you can expect from us:
- Free Application
- Use the Funds
- Case Resolution
Our goal is to make the lawsuit loan process in Ohio hassle-free and convenient, so you can focus on your case and well-being without the burden of financial stress and provide you with the support you need during this challenging time.
Upon receiving a cash advance from Mayfair Legal Funding, you gain the freedom to allocate the funds towards a range of everyday expenditures. You can address the following using your cash advance:
– Medical Bills
– Legal Fees
– Rent or Mortgage Payments
– Utility Bills
– Groceries and Household Expenses
– Transportation Costs
Understanding how Ohio’s personal injury laws intersect with pre-settlement funding is essential for both plaintiffs and funding providers. Here, we provide an informative overview of key legal aspects in Ohio that impact pre-settlement funding:
Statute of Limitations
The statute of limitations in Ohio sets a strict time limit of two years from the date of the injury for filing a personal injury lawsuit. Missing this deadline can result in the court refusing to hear your case, depriving you of compensation for your injuries.
Extensions to Statute of Limitations
Ohio provides some extensions to the statute of limitations. If the injured person was a minor (under 18) at the time of the accident or was considered “of unsound mind” as defined by Ohio law, the clock may not start until these conditions change. Additionally, if the at-fault party leaves the state or conceals themselves within Ohio, the time during their absence won’t count toward the statute of limitations.
Shared Fault Rule
Ohio follows a “modified comparative negligence” rule when fault is shared in a personal injury case. This means that if you are less than 50 percent at fault, your damages will be reduced by your percentage of fault. However, if you are found to be 50 percent or more at fault, you won’t be able to collect any damages from other at-fault parties.
Caps on Personal Injury Damages
Ohio places caps on non-economic damages, which include compensation for non-financial losses like pain and suffering. The cap is set at the greater of $250,000 or three times the plaintiff’s economic damages. There are also overall caps of $350,000 per plaintiff and $500,000 per accident.
Economic damages, which cover costs such as medical expenses and lost income, are not subject to any caps in Ohio personal injury cases. This ensures that plaintiffs can recover the full extent of their economic losses.
In the rare event that punitive damages are awarded in a personal injury lawsuit, Ohio law limits them to twice the economic damages or $350,000 for small businesses or individuals. This ensures that punitive damages remain reasonable.
Strict Liability for Dog Owners
Ohio enforces “strict liability” for dog owners, meaning they can be held responsible for injuries caused by their pets without the need to prove negligence. However, there are exceptions if the injured person was trespassing or involved in non-misdemeanor criminal activity.
These legal principles are crucial in personal injury cases in Ohio, shaping the deadlines, compensation limits, rules for shared fault, and liability, with the ultimate goal of ensuring that injured individuals have access to justice and fair compensation.
It’s important to note that legal landscapes can change, and new legislation may be enacted. Therefore, individuals involved in personal injury cases in Ohio should consult with legal professionals for the most up-to-date information and seek guidance from reputable pre-settlement funding providers to navigate the intricacies of Ohio’s legal system.
Lawsuit loans, often referred to as pre-settlement funding, are a financial lifeline for individuals engaged in legal battles, offering them much-needed support during the litigation process.
In essence, lawsuit loans provide plaintiffs with an advance on the potential settlement or judgment they may receive from their legal case. This advance allows them to cover immediate and pressing expenses, such as medical bills, and everyday living costs, without the need for upfront payments.
While the term “Ohio lawsuit loans” may suggest a state-specific service, it’s essential to clarify that lawsuit loans are available nationwide. Plaintiffs in Ohio, just like those in other states, can benefit from this financial tool. The primary distinction lies in the legal and regulatory framework that governs lawsuit loans, which may vary from one state to another.
Lawsuit loans serve as a means to level the playing field for plaintiffs who may face financial hardships while waiting for their cases to conclude. These loans offer peace of mind and financial stability, enabling plaintiffs to focus on pursuing justice without being burdened by the immediate financial constraints.
Whether you’re seeking lawsuit funding in Columbus, Cleveland, or any other city in the state, we’re here to assist. Below, you’ll find a list of Ohio’s top major cities where our services are readily available.
Our goal is to ensure that individuals in all corners of the state have access to the resources required to pursue justice without the burden of financial stress:
- Cuyahoga Falls
Mayfair Legal Funding recognizes the diversity of personal injury cases and is committed to providing pre-settlement funding to support plaintiffs throughout their legal proceedings.
We extend our services to a broad spectrum of personal injury case types, which include the following:
– Premises Liability
In Ohio, the laws and regulations surrounding lawsuit funding are designed to protect the interests of consumers seeking financial assistance during ongoing legal battles.
Ohio has specific regulations governing lawsuit loans within the state. Ohio’s statute 1349.55, known as Non-recourse civil litigation advance contracts, mandates transparency and certain disclosures in lawsuit lending contracts. In line with practices in many other states, these contracts must include a provision for a 5-day right to cancellation, and they must clearly state that the funding company cannot make decisions regarding the case.
Ohio’s legal framework for lawsuit funding is further outlined in Ohio Rev. Code Ann. § 1349.55123. This law emphasizes that litigation finance companies must explicitly declare their lack of control or involvement in personal injury cases. However, it’s important to note that the state does not regulate fees, interest rates, or the duration for which these fees can be charged.
Ohio attorneys can assist their clients in these transactions, as affirmed by the Board of Commissioners on Grievances & Discipline in a formal opinion issued in 2012. Nevertheless, attorneys themselves are prohibited from lending to their clients.
It’s important to emphasize that the legal landscape can change, and regulations may evolve. Therefore, individuals seeking lawsuit funding in Ohio should consult with legal professionals and choose a reputable funding provider to ensure compliance with state laws and fair terms for their funding agreement.
Considering an Ohio Lawsuit Loan?
If you’re facing financial challenges while waiting for your lawsuit to settle, Mayfair Legal Funding is here to help. Our experienced team specializes in providing Ohio lawsuit loans to bridge the gap until your case concludes.
1. Charles Boyk, Charles E. Boyk Law Offices, LLC.
405 Madison Avenue
PNC Bank Building Suite 1200
Toledo, OH 43604
2. Andrew Baker, Baker Law Group
89 East Nationwide Blvd, 2nd Floor
Columbus, OH 43215
3. Bruce Boerst, Boerst Law Office, Inc.
413 N. Michigan St.,
Toledo, OH 43604
4. Kiriakos Kordalis, Kordalis Law Office
130 W. Second St. Suite 1818
Dayton, Ohio 45402
Navigating the complexities of a personal injury claim can be a daunting task, especially when dealing with insurance companies and legal intricacies. Hiring a competent, experienced, and licensed injury attorney in Ohio is essential for several reasons:
- Legal Expertise. Personal injury lawyers have in-depth knowledge of Ohio’s laws and regulations, allowing them to navigate the legal system effectively on your behalf.
- Case Evaluation. Experienced attorneys can assess the strengths and weaknesses of your case, helping you make informed decisions about pursuing a claim.
- Negotiation Skills. Attorneys can negotiate with insurance companies to secure fair compensation, ensuring that you receive the maximum settlement or judgment that you truly deserve.
- Court Representation. In the event that your case goes to court, an experienced attorney can provide skilled representation, increasing your chances of a successful outcome.
Choosing the right attorney can significantly impact the outcome of your personal injury claim. It’s essential to research and select a reputable lawyer who has a track record of success in handling cases similar to yours.
In a recent report by the Ohio State Highway Patrol, it reveals that 2022 might become one of the deadliest years in recent memory for traffic fatalities and distracted driving in Ohio. Across Montgomery County and its seven surrounding counties, there have been approximately 32,752 traffic crashes resulting in 172 deaths in 2022 alone. Of these fatalities, 1,541 were attributed to distracted driving, accounting for eight deaths.
Furthermore, from 2013 to 2019, Ohio recorded over 91,000 distracted driving crashes, leading to more than 47,000 injuries and 305 fatalities.
As Ohio continues to grapple with a surge in traffic crashes and distracted driving-related fatalities, it’s imperative for drivers to prioritize safe and attentive driving habits. Avoiding distractions, maintaining safe following distances, adhering to speed limits, and adjusting to weather conditions can significantly contribute to safer roadways. With new legislation in place, Ohio aims to curb distracted driving and make its roads safer for all.
|Total Traffic Crashes in Ohio (2022)||Approx. 32,752|
|Total Traffic Fatalities in Ohio (2022)||172|
|Distracted Driving-Related Deaths (2022)||8|
|Distracted Driving Crashes (2013-2019)||Over 91,000|
|Injuries from Distracted Driving (2013-2019)||Over 47,000|
|Distracted Driving-Related Deaths (2013-2019)||305|