Legal Question in Workers Comp in Illinois
is it legal for your workmens copensation attorney to loan you money towards your settlement
Asked on 4/13/11, 11:43 am
2 Answers from Attorneys
Mike Helfand
IllinoisLawyers.com
Your lawyer? No. But often workers will get loans from others.
Answered on 4/13/11, 11:45 am
Nima Taradji
Taradji Law Offices
Your lawyer can only advance money that he uses for the cost of the litigation. He will then get that money he has advanced back at the end of the case. Other than that, the answer is no. No loans.
There are outfits who loan money on cases--I generally discourage my clients from going to those place since the interest rate is outrageous.
Answered on 4/13/11, 11:48 am