Tag Archives: LegalFundingLegislation

Is Legal Funding in Danger?

The states of Vermont and Alabama are locked in a struggle that could leave the victims of accidents strapped for cash and unable to pay their bills. In Alabama the HB 160 bill is looking to block consumer legal funding, and a bill has passed in Vermont that will put all consumer legal funding in the state on a one year moratorium. These bills could put legal funding in danger nationwide. Such legislative measures are not new, and many believe the legal funding industry needs regulation, but many experts believe that extreme measures like the ones in Alabama and Vermont help only the insurance companies. One Vermont executive claims that only insurance companies are insisting on the moratorium, which would allow them to draw out cases and force victims to take smaller settlements. What Can Accident Victims Do While a Case is Still Ongoing? The victims of accidents who have…
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