Liens – Pre-Settlement Funding Concerns
The overall purpose of these posts is to inform identify and explain various issues involved with securing pre-settlement funding on a pending lawsuit. Plaintiffs and their attorneys are usually very confident in the merits of the case. However, various issues arise when attempting to quantify the risk associated with the repayment of pre-settlement funding, otherwise known as...
DetailsLawsuit Funding As a Hedge
In this post, we will be looking at the practice of hedging as it pertains to pre-settlement funding. Let’s say you’re in Las Vegas this summer and you place a bet on the New York Giants to win the Super Bowl at odds of 15 – 1. That is, you bet $1,000 to win $15,000. But some stroke of luck, the Giants rip through the playoffs and find themselves pitted against Tom Brady and the...
DetailsHelp Yourself Get Lawsuit Funding
How Can You Help Yourself Get Lawsuit Funding? When offering cash advances for pending lawsuits, lawsuit funding companies analyze a wide variety of information. But did you know you can help yourself get lawsuit funding? In this post, we outline some of the things applicants can do to help the funding process along. Gather and Submit Information Clients frequently pos...
DetailsThird Party Actions – Good Cases for Lawsuit Funding?
Third Party Settlement Funding Helps Workers Third party settlement funding provides immediate cash to injured workers while they wait for their lawsuits to resolve. They are specialty financial transactions where plaintiffs pledge a portion of their settlement in return for immediate support. While workers compensation or others benefits can compensate injured workers quickly, often...
DetailsWhat are Non-Recourse Lawsuit Loans?
Lawsuit Loans are Non-Recourse Funding Although the phrase "non-recourse lawsuit loan” is commonly used to describe legal funding or pre-settlement cash advances, the truth is that most transactions involving plaintiff and lawsuit funding companies are not “loans” in the traditional sense of the word. What are Lawsuit Loans? Lawsuit loans are financial transactions in w...
DetailsLawsuit Funding Helps Attorneys
Lawsuit Funding Helps Attorneys' Practices Lawsuit funding’s original mission was to provide immediate cash relief to plaintiffs who were unable to meet their financial obligations. The business found its true calling in the personal injury realm where injured parties were unable to work as before their accidents. This lack of cash flow often forced these victims to accep...
DetailsHow Should Attorneys Handle Lawsuit Loans?
The Proven Method for Attorneys to Handle Lawsuit Funding In previous posts, we discussed how the lawsuit funding process works and why attorney cooperation is vital to the process. In this post, we discuss the flexibility lawsuit funding affords and how this flexibility presents a unique opportunity for attorneys when dealing with this aspect of their practice. Below is an outline o...
DetailsLawsuit Funding Hassles
Avoiding Lawsuit Funding Hassles Lawsuit funding requires attorney cooperation. Lawyers and their support staff must compile and forward relevant documents, engage in the underwriting process and sign off on funding agreements. Although some attention is required, the amount of time plaintiff firms must devote to the process can be minimized. In this post, we examine how attorneys c...
DetailsAttorneys Avoid Lawsuit Funding Problems
How Attorneys Avoid Lawsuit Funding Problems Injured clients often ask attorneys for advances on their injury lawsuits. In some instances, injuries cause financial strain. Other clients simply “heard it from a friend” that attorneys give money to clients once they are retained. Unfortunately, most states prohibit this practice. Enter into the equation the lawsuit ...
DetailsLawsuit Loans – a Transfer of Property Rights
Lawsuit Loans Transfer Property Rights in Proceeds Understanding lawsuit loans means understanding the difference between lending and selling something, a.k.a. a transfer of property rights. In this post, we examine the difference between personal lending and the sale of something of value. In so doing, we uncover the difference between personal loans and lawsuit funding. Loan...
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