Pre-Settlement Legal Funding In New York

There is no argument that the experience of living in the Big Apple is extraordinary and fun. NYC is the land of opportunity, as of April 2019, at least, when the employment rate reached 4.55 million jobs, the highest ever recorded, since before 2008, according to NY State government.

New York has historic landmarks such as The Statue of Liberty, Times Square, or Central Park. These were places where people used to enjoy and craved to visit from all over the world.

The state of New York also offers other sights such as:

• Niagara Falls
• Finger Lakes
• Lake Placid
• Lake George
• Cooperstown
• Empire State Building. …
• 9/11 Memorial and Museum

As N.Y. state offers such marvelous and sentimental landmarks, it also contains a large accident rate on slip and falls, including on the mentioned places above. According to the government, about 52,000 people went to the emergency room because they slipped and fell and about 25% of them are from labor workers with the largest settlement of $16.5 million.

A large number of fatalities every year occur as a result of car accidents. Many factors, including weather, alcohol, and distracted driving, can cause a life-changing event, and drivers under the influence of drugs or alcohol are liabilities in New York. Texting and driving (and distracted driving in general) are almost just as lethal. Commonly, motor vehicle accidents happen in NY during the weekdays at lunch hour.

We are looking at approximately 35,092 fatalities happening in New York alone per year. The police have reported around 6.2 million crashes, yes, you read right, “6.2 million crashes” in 1 year with approximately 2.4 million injured and an average of 90 fatal deaths per day.

• Drinking and driving: Driving while under the influence of alcohol plays a significant role in motor vehicle accident occurrences in NY, bringing approximately 30 fatalities in the state per year.
• Speeding: Speeding brings about 27% of fatalities in New York, causing around 300 + fatalities yearly in the state.
• Driving while distracted: Distractions usually cause approximately 48,000 + crashes in New York. That means that 1 out of 5 impacts in New York state are due to distraction or inattention; this does not include cell phones, which bring about 600 crashes more yearly.
• Truck accidents: 4,067 large semi-truck accident-related fatalities occurred and 116,000 injuries, according to the NHTSA. Most of the deaths reported in truck accidents – 74 percent – were deaths of other vehicles’ occupants.
• Bicycle accidents: Approximately 3700 visits to the ER are due to bicycle accidents in New York, with over 600 hospitalizations per year bringing over 30 deaths in New York alone due to bicycle accidents.
• Car accidents can be devastating, leaving you with sometimes life-long injuries and loss of income. Until your case settles for what you want, it can be a long and exhausting wait that can lead you to accept a much lower settlement award.

The most dangerous roads in the Empire State are:

• Neptune Avenue in Brooklyn.
• Taconic State Parkway
• Queens Boulevard in Queens
• Sunrise Highway in Suffolk County, Long Island
• Hempstead Turnpike in Nassau County
• Upper Broadway in Manhattan
• Nassau Jericho Turnpike in Nassau County, Long Island
• Niagara Falls Boulevard

If you have suffered an accident and have an active legal case, you can apply for a personal injury lawsuit loan (or any other type of case you may have), and obtain the financial help you need as soon as possible.

NY is a no-fault state that has minimum insurance coverage of insurance including the liability to protect the person or anyone they may harm.

In no-fault states, the person’s insurance pays for economic losses and injuries, no matter of who was negligent in the accident.

The min limit of third-party bodily injury liability is $25,000/$50,000/$10,000 or 25/50/10:

• $25,000 for bodily injury
• $50,000 for bodily injury 

The minimum limit of coverage for property damage liability is $10,000 per accident. 

Every state has a deadline to file a claim, and this includes New York.

The statute of limitation lets you recover from your damages at a set period of time. If you don’t file your lawsuit within that time, you won’t be able to recover from your damages and bring to justice those who did you harm.

1. Wrongful death: 2 years from the death
2. Assault/Battery: 1 year from the act (Civil); 2 or 5 years depending on the facts (Criminal)
3. Car accidents: 3 years from the date of the accident
4. False imprisonment: 1 year (Civil) 1 year (Civil)
5. Product liability: 3 years from the date of the accident
6. Medical malpractice: 2 years and 6 months from the date of malpractice or from the end of continuous treatment rendered by the party or entity you sue.
7. Slip and fall: 3 years from the date of the accident

Lawsuit loans are generally unregulated in most states, including New York.

While some bad actors take advantage of these policies to charge high interest and ultra high fees, Baker Street Funding operates with the same best practices and disclosures. We make great efforts to provide fair rates with no hidden fees or markups. Our contracts are transparent so all our clients can understand.

We provide funding in all 5 boroughs of New York: City:

1. Manhattan
2. Queens
3. Brooklyn
4. Bronx
5. Staten Island

See the counties we typically fund in New York:

• Kings County
• Queens County
• New York County
• Suffolk County
• Bronx County
• Nassau County
• Westchester County
• Erie County
• Monroe County
• Richmond County
• Onondaga County
• Orange County
• Rockland County
• Albany County
• Saratoga County
• Oneida County
• Niagara County
• Dutchess County.

Cities:

• Yonkers
• White Plains
• Poughkeepsie
• New Rochelle
• Albany
• Binghamton
• Buffalo
• Mount Vernon
• Huntington
• New Rochelle
• New City
• Nanuet
• Siracuse
• Newburg
• Utica
• Rochester
• Schenectady
• Oswego
• Montauk
• Cooperstown
• Niagara Falls
• River Head
• Great Neck
• Peekskill
• Brocksport.