Category Archives: litigation financing

What You Need to Know: Legal Financing and Your Motorcycle Accident Lawsuit

Legal financing helps plaintiffs who need cash while they wait for a settlement in their motorcycle personal injury lawsuit.  These lawsuits involving motorcycles are one of the most serious road accidents as they can result in extremely serious injuries – and many fatalities.  Statistics indicate that in 2005 over 4500 motorcyclists were killed and 87,000 more seriously injured.  A startling statistic is that 5% of all motorcycle accidents end in death.

Motorcycle Accidents Can Result in Serious Injuries

Many wrongly believe motorcycle accidents are mostly due to negligence by the motorcyclist.  However, in reality less than one quarter of all motorcycle accidents are due to driver negligence.  Most of the people involved in motorcycle accidents sustain very serious injuries.  Personal injury lawsuits involving motorcycle accidents can take years to reach a final verdict.

You might ask how someone severely hurt in a motorcycle accident can support themselves financially during the long wait for their case to reach a case settlement.  Legal financing is a respectable and viable way to help provide emergency cash to plaintiffs now, when they need it most.  Many motorcycle accident victims are unable to work, cannot pay household, or medical bills.  Many risk losing their homes and their vehicles.  This is why so many motorcycle accident plaintiffs seek help with legal financing.

Legal Financing for Motorcycle Accident Plaintiffs

Legal financing is a different kind of funding, designed specifically for plaintiffs.  A legal financing company like Alliance Claim Funding will consult your attorney about your case and then review the case to determine if the case has a good chance of winning in court.  If your application is approved, money is sent to the plaintiff quickly.

Legal financing funds are sometimes called “loans” but really they are very different from typical bank loans.  It is called non-recourse funding, which means if your case loses in court you never have to repay the company.  Approval is based on the strength of your case, so there are no credit checks or employment history needed to get approval.

Alliance Claim Funding. LLC is a respectable legal financing company with enormous experience.  Alliance advances funds to plaintiffs pursuing damage claims; in return, securing a portion of the proceeds that may flow from successful case settlements.  Applying for personal injury law suit cash is fast and easy, with money sent to plaintiffs immediately after approval.  Legal funding has saved many cases from settling and also taken financial pressures off cash strapped families waiting for a settlement in their case.

To learn how legal financing can help fund your motorcycle accident lawsuit  and  help you get the money you need now, and apply for great rates on your personal injury, give us a call, toll free, at 888-732-3389 or complete the contact form on the left. If you’re ready to get started, you can complete the application form.

 

 

 

 

Financial Success: Using Other People’s Money Wisely!

 

Financial Success: Using Other People’s Money Wisely!

One common practice used by those successful in business and life, is they all know how to use other people’s money to their advantage.  They understand that money makes money.  And regardless of whether you are in business or an individual, you need capital at times in your life to make more money.  Using other people’s money (OPM for short) is a respected and common practice among the rich and successful. Why not use it yourself, and make it work for you?

 

Using Litigation Financing to Your Advantage

Litigation financing is no different.  If you are a plaintiff in a lawsuit and struggling to make ends meet as you wait for a settlement, cash is what you need.  The OPM technique in the form of litigation financing is a respected and routine practice for plaintiffs who do not want to settle early for a small amount. Many successful people use OPM to launch or complete something important in their life.  Completing your lawsuit for top dollar is no different.

Litigation financing is an outstanding form of OPM, because when a case winds through courts it can take months, even years to reach a conclusion.  During that time financial pressures can mount for plaintiffs.  Securing funds from litigation financing allows you to use other people’s money to achieve your personal and financial goals.

 

No Risk OPM!

For most using OPM in business there is a large degree of risk, with litigation financing there is no risk to the plaintiff.  Why?  Because when you use litigation funding, even if the worst happens and you lose your case, no funds need to be repaid to Alliance Claim Funding. No other form of OPM works with such little risk and such great benefits. In business if you’ve taken out a loan to use as OPM, and the market turns sour and you lose money, you still owe the money you borrowed.  You’re saddled with debt you never expected.  Not so with litigation financing.

Litigation financing requires a quick and easy application process. Once your documents are received you’ll have an answer quickly and money in your pocket.

 

 

 

 

 

 

 

 

 

 

 

 

 

‘Do I lose my house to proceed with my case?’ ”

Litigation Finance Companies Speak Out to Ethics 20/20 Commission

Litigation Financing has grown, even during the recent recession.  That growth has spurred questions about ethics within the industry.

Recently, representatives from the litigation finance arena spoke to the ABA Commission on Ethics 20/20.  They all defended their alternative litigation funding by indicating they are filling a need of consumers who lack financial resources to file legal claims.  Harvey Hirschfeld, chairman of the American Legal Finance Association said, “Banks only lend money when you don’t need it.”  Hirschfield represents over 20 litigation loan companies who provide funding to plaintiffs to help cover their bills and living expenses while their cases are pending in court.  The comments were made to members of the Ethics 20/20 Commissions during a public hearing at the ABA Midyear Meeting, held in Atlanta.

Our business is providing money to consumers where they’ve reached a point of asking,

“Do I lose my house to proceed with my case?”

“Our business is providing money to consumers where they’ve reached a point of asking, “Do I lose my house to proceed with my case?” he said.

Gary Chodes, CEO of Oasis Legal Finance, testified that most of the loans made by alternative litigation financing companies are rather small, typically no more than a few thousand dollars.  Chodes went on to say that alternative litigation financing is only used in a fraction of the total number of legal claims filed through the system.

Litigation funders approve loans after reviewing the case and whether it will be successful or not.  Once approved the funder may choose to provide funding for a fee.  If the case ends up winning in court, the funder receives the loan plus a fee.  If the case loses, the funder receives nothing.

The hearing and public comments are in response to a paper issued by an ABA working group of the Ethics 20/20 Commission, last November.  The paper details some of the possible ethics pitfalls for attorneys dealing with cases funded by litigation financing. The recent hearing is part of the commission’s need to gather information on the topic before deciding whether to make recommendations on how the ethical concerns might be addressed.

The Benefits of Patent Litigation Financing

 

If the patent you own is being infringed upon, your only choice is to file a lawsuit against the party infringing on your patent. Patent infringement litigation can be challenging but if plaintiffs find the right funding the path to success can be easier. Patent Litigation Funding from Alliance Claim Funding can be an important first step in protecting your patent.

When a person or company invents a new “something” they want to be the sole owner of the invention or idea. Since it is their unique idea, they want to reap the profits and benefits.  This applies to a wide variety of areas, including trademarks, brand names, copyrights, designs, and many more.  All these areas are collectively known as intellectual property.  Sometimes it’s not easy to protect these “ideas” and to help; the government offers protection in the form of intellectual protection rights.

A patent is a legal protection offered in the form of a government license. A person who has invented a product is offered the sole right to use, make, or sell their invention or product. If someone other than the owner of the patent, copies the idea or invention, the owner of the patent can sue anyone who tries to make the same product.

Obtaining a patent is not easy. The moment an inventor is thinking about launching a new product they need to check for patented products.  Once research has been done the inventor then files a patent application. Patent applications are routinely rejected as it’s sometimes hard to prove the product is “new and different”. To prevent the application being denied, many times the owner of the idea or invention will hire a Patent Litigation attorney and also apply for Patent Litigation Financing.

Once you have a patent it’s important to fend off those who wish to steal or encroach upon the patent.  In some cases litigation is called for, and litigation can be costly. Costs for a patent infringement lawsuit can add up to an enormous amount of money.  The patent owner is typically an individual or small business looking for fairness and justice from a very large company or corporation, which has big financial resources.

 

 

 

Discover How Litigation Financing Can Help You, and Your Case!

Litigation financing funding has been growing in popularity in recent years. This type of funding is often chosen by plaintiffs to extend their lawsuits, so a higher settlement might be awarded. The popularity is thought to be due to the economic downturn and related job losses making litigation financing a more viable choice for people who are struggling to keep their lawsuits alive. Many need help paying bills and to keep up with mounting legal bills, in the months and sometimes years they wait for a lawsuit settlement.

There was a time when litigation financing was only used for very large class action lawsuits and large personal injury cases.  However, today attorneys are advising their individual clients to look into the legal financing option to help keep their cases alive. Many plaintiffs are going up against insurance companies and corporations with deep pockets, who try to extend the lawsuit and drag it out as part of their legal strategy. Their hope is that plaintiffs will run out of money and bow out due to the large financial burden they are carrying while waiting for a settlement or verdict.  They try their best to hold up a verdict in many cases in hopes of a low settlement.

Most legal advisors counsel their clients to never take a low settlement without a full understanding of the financial consequences of such a low award.  But, in many cases plaintiffs are so stressed and mentally tortured by the financial situation they are in, they have no choice but to either drop the case or take a low settlement.

When a lawsuit loan company steps in and provides funding for a lawsuit the money is not provided as a loan.  Litigation financing are a financial arrangement made between the lender or Investment Company and the plaintiff.  A lawsuit loan is defined as funding borrowed and will be paid back in full when the lawsuit is settled, or a verdict is reached.

Lawsuit loan funding is non-recourse, which means the money is advanced and only needs to be paid back if the lawsuit reaches and positive conclusion.  If the event the plaintiff loses, the money is not required to be paid back.

Typically the fees paid to a litigation financing company are a fair percentage of the total expected settlement. Unlike typical bank loans, litigation financing is not paid back monthly.  They are only paid back when there is a final settlement reached, or a verdict in the case.

 

 

 

Discover the Benefits of Litigation Financing

Back in the early 1990’s, a new financial instrument called litigation financing was introduced.  Since that time litigation financing has grown substantially. This type of financing provides funding from a third party to help with litigation costs and cash flow, while a plaintiff waits for a settlement in the case.  If you are a plaintiff who has filed a lawsuit, or you’re waiting to be paid for a case that has already settled, litigation financing may be a good funding option for you.

Litigation financing is called non-recourse funding, which means that if the litigation finance company may only be paid if the case settles.  If the case loses in court, and there is no settlement, no funds need to be repaid, ever.  The money is given in the form of a cash advance on the pending case.  And the funding is approved based on the strength of the case, and nothing else.  There are no credit checks necessary, and no employment history as with typical bank loans.  The litigation financing funding is based solely on the merits of the case.

Generally, there are two kinds of litigation financing, pre-settlement and post-settlement.  Litigation funding provided prior to the case settling is called pre-settlement litigation financing.  Funding provided after the case settles, during the time a plaintiff is waiting to be paid, is called post-settlement litigation financing.

Respectable litigation finance companies, like Alliance Claim Funding, will evaluate a pre-settlement application by working with the plaintiff and their attorney to obtain all necessary information about the case.  The application requires general information about the case, and all supporting case documents regarding the plaintiff’s claim.  Since many of these cases are personal injury cases, the company would also need any accident reports, medical reports and injury information.  Once the supporting documents are gathered and submitted, Alliance Claim Funding will review the case and determine if the case meets the company’s guidelines for litigation funding.  If the case application is approved, a contract will be written and sent to the plaintiff and their attorney to sign.  The agreement for litigation financing seeks to have the attorney and plaintiff to honor the lien filed by the company to pay Alliance Claim Funding what is owed at the time of settlement, when the funds are disbursed.