Existing pre-settlement funding the claimant has already received.
Context on Express Legal Funding
Prior funding refers to any existing pre-settlement funding a plaintiff has already obtained against their pending lawsuit. The existence of prior liens significantly impacts a claimant’s ability to secure additional funding, as it directly affects the remaining potential recovery. Understanding how pre-settlement funding provides lawsuit access is crucial, especially when multiple funding sources are involved. Ultimately, the total amount of funding available is limited by the anticipated settlement or judgment value.
Significance: Limiting factor; existing liens affect the remaining available recovery.
