Lawsuit Settlement Funding
- 1
- Add a Comment
- No Related Post
There are two types of settlement funding, pre-settlement funding, and post-settlement funding. Pre-settlement funding is when a person who has been injured and filed a personal injury lawsuit receives advance funds to help fund the suit or their living expenses, in anticipation of the settlement of their lawsuit.
Often pre-settlement funding will be advanced by the plaintiff’s attorney because their client has extraordinary expenses which they need to satisfy.
Pre-settlement funding may also be offered by a third-party settlement funding agency, such as an insurance agency or an actual “settlement funding office”. In such a case, the funding office is essentially acting as a loan broker, and will be paid the loan amount plus interest out of the settlement, and the plaintiff is trading their future settlement for a lesser amount up front.
When attorneys provide pre-settlement funding to their clients, according the rules of many states and some case law, they may not charge interest…
[Continue reading Lawsuit Settlement Funding]
[tags]pre-settlement funding,post-settlement funding,settlement funding[/tags]

One Comment
henry
March 8th, 2008
at 1:43am
The case involves discrimination, harassment civil rights violations and slander against a school district. i was told this case would be around $ 1.500.000 for this case if this is type of you you fund please email me ASAP