Tag Archives: litigation funding

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.

It’s Been a Long Winter, Have You Suffered From A Slip and Fall Injury?

Litigation Funding from Alliance Claim Funding Can Help!

It’s been a long, cold, icy winter in many parts of the country, with many personal injuries sustained from slips and falls. If you were injured due to negligence by another party and have filed a lawsuit you may qualify for litigation funding from Alliance Claim Funding.

What is a Slip and Fall Personal Injury?

A slip and fall accident is when a person is injured due to a trip, slip or fall and is injured from that accident due to a dangerous condition on property owned by a company or another individual. While these cases are routinely called, slip and fall cases, they are really part of a broader area of law called “premises liability” cases. If the case is sound, the owner of the property where the accident occurred is held liable for the injury.

These personal injury slip and fall cases don’t just happen during the winter in snowy and icy conditions. They can and do occur in a wide variety of conditions and locations. They happen during all seasons, in a wide variety of different climates and properties. When someone sustains a personal injury due to a slip and fall accident, it is important to consult a respectable personal injury attorney who has experience at slip and fall accidents. Your attorney can review the potential case and advice you on whether your personal injury qualifies for a lawsuit. If the attorney advises you to proceed with the lawsuit, you may be entitled to monetary compensations from the negligent party.

How Can Litigation Funding Help?

Once you’ve taken care of your injuries, consulted an attorney, and filed your lawsuit, it can take time for a settlement to come through. This can be a stressful time as plaintiffs are typically dealing with the physical, emotional and financial stress that has stemmed from the accident. Financial struggles are routine in situations like this because of job loss, medical issues and lower income.  And litigation can and does take a long time.

Litigation Funding is a law cash advance of funds based on a pending lawsuit. The amount advanced is typically an amount less than expected at settlement. This type of cash advance funding is very different than a regular bank loan. There are no credit checks, employment verification, or monthly payments. Litigation funding is approved and provided based only on the strength of your personal injury case. No payment is required until your case settles. If you receive litigation funding and do not win your case you are not required to pay back the money.

The application process to obtain litigation funding for your personal injuries from a slip and fall is quick and easy.

Alliance Claim Funding. LLC is a reputable and experienced slip lawsuit cash advance company.

 

 

 

 

 

How Does Lawsuit Settlement Funding Work?

You might be wondering exactly how lawsuit settlement funding works?  That’s why we’ve created these simple graphic images depicting  the steps in the lawsuit cash advance process.  This is the process you can expect when you work with Alliance Claim Funding for your legal funding needs.

What is a lawsuit cash advance 1.   Plaintiff Incurs Damages:

The initial injury or loss to an individual or group is the first incident or event. Whether you’ve suffered a personal injury such as a car accident, slip and fall, medical malpractice, or you’ve lost a loved one in a wrongful death, this is the first step.

Lawsuit Loan - Get Attorney for Your Personal Injury Case2.    Lawyer Accepts Case:

When you feel you have a legal case to pursue you will consult a personal injury attorney or other attorney who specializes in the type of case you plan to file. Once you meet with your attorney and the case is reviewed you’ll retain the services of the lawyer to guide you through the legal process.

Lawsuit Cash Advance - When you need cash today & can't wait for lawsuit to settle
3.    Plaintiff Needs Money:

Filing a case costs money. Even if your case is strong and you expect a settlement or verdict in your favor, it can a long time to reach a positive outcome. In many situations, money runs out as the case moves forward and plaintiff’s struggle to pay for living expenses, legal fees, medical expenses, etc. This is when most plaintiffs’ and their attorneys seek lawsuit settlement funding from Alliance Claim Funding.

Lawsuit Cash Advance: Get the money you need while you wait for your case to settle4.    ACF Reviews Case:

Once a phone call is made toAlliance Claim Funding, their professional team immediately begins the case review process. This review is done swiftly to determine if your case will qualify for funding.

5.   ACF Advances Funds:

Once a case is reviewed and accepted for litigation funding, Alliance Claim Funding immediately advances funds to the plaintiff.

Lawsuit Cash Advance - You repay your lawsuit loan out of your settlement amount 6.    Case Settles:

Once the case settles the funds advanced earlier by ACF and payment goes to a lawyer’s trust set up to hold the funds.

7.    Advances Paid:

The advance is paid back in full to Alliance Claim Funding.

Get the financial relief you need now –

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