Attorneys Benefit from Lawsuit Funding
The lawsuit funding business exists to offer clients the ability to financially withstand the litigation process. The purpose of this article is to explore the ways in which lawsuit funding benefits attorneys.
Because personal injury cases involve very serious medical conditions, plaintiffs frequently are unable to work. This obviously creates financial pressure on individuals since their expenses still must be…
Added by Fair Rate Funding on October 18, 2021 at 5:30am — No Comments
The lawsuit loan is a financial transaction wherein a company advances money to an individual involved in a civil lawsuit but who is still waiting for the matter to be concluded. In other words, the plaintiff gets money now and he/she assigns a portion of the case’s ultimate recovery.
The lawsuit funding business arose out of an ever increasing need for immediate cash to meet the pressing financial obligations many plaintiffs were facing.
The most common example is a plaintiff…Continue
Added by Fair Rate Funding on October 18, 2021 at 4:35am — No Comments
These articles are intended to educate the reader on lawsuit funding as investments. This post will discuss money management as it relates to the lawsuit funding investments.
Cost of Money Affects Investor Returns
In any business, investors seek a return on capital larger than they could otherwise obtain and in accordance with their risk tolerance. Normally, investors expect to “earn” more money investing in a “riskier” venture than simply placing money in “safe” investments such…
Added by Fair Rate Funding on October 18, 2021 at 4:12am — No Comments
Added by Fair Rate Funding on October 18, 2021 at 4:00am — No Comments
Pre Settlement Loan – Underwriting through Limited Information
In our last article, we spoke in detail about the pre settlement loan business as it relates to managing investor’s money. We discussed how money management strategies can help minimize losses for the enterprise. In this post, we will discuss an important cause of underwriting losses. Later we will discuss how pre settlement loan companies most effectively deal with this issue.
The goal of any…
Added by Fair Rate Funding on October 18, 2021 at 3:13am — No Comments
Lawsuit Cash Advance Funding – Sharing the Contingency
Those seeking lawsuit cash advance funding for their personal injury case should understand that personal injury lawsuits are unique in the legal world. They are among only a few types of cases in which attorneys are retained on a contingency basis. That is, the attorney only gets paid for his services if the lawsuit is successful and he is paid out of the proceeds. If there are no proceeds, the attorney basically donated his time…
Added by Fair Rate Funding on October 18, 2021 at 1:42am — No Comments
Settlement Loans and the Doctrine of Champerty
Settlement loans are sometimes called “lawsuit loans” by the public. Unlike a real “loan”, settlement loans are typically structured as an assignment of the future proceeds of a successful lawsuit, if any. Over the years, transactions which involve third parties’ entitlement to the lawsuits of others have been treated in various ways in a wide range of jurisdictions. This post will briefly discuss the doctrine of Champerty and its…
Added by Fair Rate Funding on October 17, 2021 at 10:24pm — No Comments
Added by Fair Rate Funding on October 15, 2021 at 12:30am — No Comments
The mission of lawsuit funding companies is to provide cash now to plaintiffs who cannot afford to wait out the sometimes long and drawn out litigation process. For many litigants, lawsuit funding companies provide enough relief so they are not forced to accept a lesser settlement offer for financial reasons.
One obvious example is the severely injured plaintiff in an automobile accident whose injuries prevent him from working and being able to support himself. Although some litigants…
Added by Fair Rate Funding on October 8, 2021 at 8:09am — No Comments