Lawsuit Funding: Leveling the Lawsuit Playing Field
Are you a plaintiff or an attorney involved in a lawsuit and need more money to continue your case? Lawsuit funding may be the way to go. Since this service has only been available for a few years, most attorneys, and hardly any individuals, are aware that they can receive cash advances for pending lawsuits.
Mike Evans is an authority in over 40 types of cash flows. You can E-mail Mike Evans Here!. Also, visit the Internet's fastest growing cash flow authority website at www.learn-about-cash-flow.com/lawsuitfunding.html for more lawsuit funding and cash flow information. Feel free to reuse this article; please keep the bio information attached and intact.
What Is Lawsuit Funding? Essentially, it involves a funding company providing a cash advance to a plaintiff or attorney in a lawsuit against the favorable outcome of the case. Lawsuit funding - often referred as lawsuit loans, litigation financing, and legal finance - is a relatively new segment of the cash flow industry. However, it is growing very rapidly.
Based upon the strength of the lawsuit, the lawsuit funding company will provide an advance (normally, in the range of 10-15%) on the amount of money the plaintiff is expected to receive, should he win his case. This advance is non-recourse. This means, that should the plaintiff not win the case, he does not owe the funding company any money in return. Lawsuit funding is not a typical loan because the money does not have to be paid back, unless the case is won or settled.
Why Lawsuit Funding? It levels the lawsuit playing field. Typically, lawsuit defendants (insurance companies, large manufacturers, banks, etc) have deep pockets. The plaintiffs are normally average, ordinary citizens. These large companies tend to string the process out, hoping that the plaintiff will run out of money and quickly settle the case for a small sum of money.
Take for instance, slip and fall cases and auto accidents. These cases account for more than 3 million injuries each year in the US. Many result in job loss, severe injuries, paralysis, and head traumas; some are permanent and irreversible. Many require continual, expensive medical care - the cost of which can easily bankrupt a family. This is where lawsuit funding can help.
A lawsuit cash advance will allow the plaintiff to pay his or her medical bills, mortgage payments, and other household bills. The problem is: Most lawsuit plaintiffs do not know they can get a lawsuit loan. They can qualify for funding, ranging from $250 to over $1M for an individual case and up to $10M for a commercial case.
How Does Lawsuit Funding Works? It is very simple and straightforward:
The plaintiff fills out an application and submits it to the lawsuit funding company. The company contacts the plaintiff and his lawyer and asks background questions about the case. The funding company sends the plaintiff a contract, the plaintiff signs and the company transfers the money into the plaintiff's bank account or FedEx's the funds directly to the plaintiff (whichever the plaintiff chooses).
Advantages of Lawsuit Funding. Lawsuit funding offers many advantages: it is confidential, prompt and discreet; there is no risk to the borrower; applications are free, and without obligation; there are no upfront fees, nor any processing or monthly fees; there are no credit or employment checks; bad credit - even no credit - is okay; the underwriting process is quick - as little as 6-8 hours; a client can have money in hand the very same day; funds can be for any purpose; plaintiff pays back the advance, only if he or she wins; if the client loses the case, he or she owes nothing; all information is kept confidential; you do not need your attorney's approval; and its available for all types of civil and commercial lawsuits.
Who is eligible for Lawsuit funding? If you are involved in any type of lawsuit, such as: personal injury, product liability, auto accident, patent infringement, malpractice (medical, legal, construction), employment discrimination, fraud, breach of contract, Mesothelioma, negligence, workers compensation, class action, civil rights, whistle blower (qui tam), workers compensation (not in all states), wrongful death, commercial litigation etc.; and you are represented by an attorney, you may qualify.
Spread the word! You can get an advance against your lawsuit. If you have a friend, family member or business associate going through a lawsuit, let them know about this fairly new service.
Related Articles:
Injury Claim Advice - 3 Instances When You Cannot Make A Claim
Injury claims are something that most people do not understand at all. Only a small percentage of claims ever end up in court and the ones that do end up in court are usually dealt with quite swiftly. Work accident claims are usually an insurance issue as most employers have insurance to protect them against claims for accidents at work.
Accutane Ulcerative Colitis and Other Conditions
Accutane ulcerative colitis problems are the reason behind several of the successful Accutane lawsuits that have already been filed. This disease affects the lining of the rectum and colon. It causes pain, irregular function and myriad other problems. Inflammatory bowel disease also includes Crohn’s disease, a disorder that affects the entirety of the digestive tract. Filing an Accutane lawsuit for ulcerative colitis or Crohn’s involves many of the same procedures. First, you have to quantify, in dollars, how much pain and suffering you’ve been caused, in addition to the medical bills you’ve incurred and will face in the future.
Depuy Hip Recall
A Hip Recall for DePuy ASR Hip Implant and Lawsuit, injury on patients where a lawyer or attorney should be contacted for hip replacement procedure.
11 Popular Misconceptions About Submitting a Workers' Compensation Claim
As workers' compensation laws become much more complex, the number of misconceptions grows. Listed below are 11 from the most typical misconceptions associated with workers' compensation and a brief explanation of your rights.
Mediation - Stages of Mediation
This article explores the various stages of mediation.
How Some Personal Injury Lawyers Act on Such Situation
After the little boy suffered from a serious brain damage because of a car accident, a lot of lawyers mailed solicitations to this boy's mother asking how much she would like to receive out of this case. Would parents who are distressed be offended by this inquiry for they were asked in a pushy manner?
Lawsuit Loans for Workers Compensation
Workers compensation claims can be a devastating financial blow that may take resolution time consisting of weeks, month or even years. Lawsuit loans (also known as lawsuit funding or legal funding) can assist in minimizing that burden for the victim, the victim?s family and often times the future of the victim in the work world. It is always best to understand first, what a workers compensation claim is, so that if and when it does occur, the victim is knowledgeable about his or her options w
Auto Accident Lawyer - The Best Choice To Choose
Today, every different people face troubles which finally needs a lawyer for the solution. One can find amount of problems which may be categorized under it. Among the endless list, auto accident lawyer are the most in demand. There are many legal steps which need to be taken in order to get rid from any of the issues that mayoccur in front of you at any time.