Jan 2011
16
By Susanne Brooks in English
Viewed: 5770
.10 Tips for
Lawsuit Funding1. You have to have an attorney represent you. Without having an attorney represent you there is no way to properly secure a portion of the proceeds which would be used to payback the investor if you win your case.
2. The defendant must be a known entity such as an insurance company, municipality or large company with equity and strength.
3. Most cases are considered provided your claim has merit and the defendant has ability to pay we will try and find funding for you.
4. If approved you can generally receive up to 10%- 15% the value of your case as determined by the underwriters which is not necessarily a reflection of what your case may and may not settle for.
5. There is no credit requirements and your credit is not a factoring decision to fund your case if there aren’t any additional liens, the decision to fund your case is solely based on your pending litigation.
6. You can usually receive your money within 24 hours of receipt of your signed paperwork from you and your attorney.
7. You owe nothing-if you lose your case.
8. Payment is based on the successful conclusion of your case. The advance and fees are paid through successful settlement of your case.
9. Attorneys are ethically restricted from providing financial assistance to clients.
10. Applying with more than one company can be time consuming for you and your attorney.
Visit our site for more information on lawsuit funding.
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