Both pre and post lawsuit settlement funding is available through several capital investment companies. This is simply to provide an advance for a client who is waiting for money from his lawsuit whether it be from worker compensation, employment discrimination, medical malpractice, class action, vehicle crash or any other type suit. For these individuals waiting for a settlement can be financially excruciating.
Many times the longer the case goes on, insurance companies make low-ball offers hoping a desperate client accepts it. With funds advancement, a client can receive up to 10 percent of the anticipated settlement that is classified as non-recourse, meaning the money does not have to be repaid if the award is less than the amount funded. This may be all they need to refuse the low offer.
Post-settlement advances are also available. Because some insurance companies sit back and resist paying off just to bide time, the funding companies will offer much more to the clients knowing the case is closed, the settlement has been made and it is only a matter of time before they will be repaid.
If the attorney representing a client is in need of upfront cash to keep his practice alive, he is also eligible to request funding under some strict guidelines and requirements. For instance, he cannot apply if he has any affiliation with the investment company.
Most often, clients waiting for the long drawn out process to end are unaware of their eligibility for financial assistance. Their attorneys should be able to help by referring them to a reliable company, then working with that company by providing necessary expertise and documentation to bring forth a successful funding advancement for the client.
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