Lawsuit Funding - also known as litigation finance, settlement advances, lawsuit advances, pre settlement funding, post settlement funding, cash advance, etc. - is the method of delivering cash advances to clients and attorneys based solely around the merits of a pending case or settlement.

Pre-Settlement Advances are cash advances on pending litigation. The funding organization can only look towards the lawsuit itself for repayment. It is not a loan. It really is simply an assignment of a portion of your client or attorney's interest within the anticipated recovery from the lawsuit. If there isn't any recovery, there is no re-payment. Is it ethical for attorneys to refer their clientele for pre-settlement advances? Yes. So long as: 1) the referring lawyer has no economic interest in the lawsuit funding business; two) the referring lawyer doesn't profit in the transaction; and three) the lawsuit funding firm is not involved inside the litigation of your pending lawsuit. The added benefits of referring consumers to litigation finance organizations are clear - easing monetary woes, supplying quick financial assistance throughout hard instances, and being able to hold out to get a improved settlement.

The Pre-Settlement Advance method is very simple. A completed two-page application is essential to evaluate the lawsuit. The merits of the pending litigation is going to be evaluated and all questions/concerns concerning the lawsuit are directed towards the attorney handling the lawsuit. A decision is created normally inside 24-48 hours upon receiving the application and supporting documents. It can be then left as much as the client as to whether or not or not they want to proceed. A contract will probably be forwarded straight to the attorney for review that will outline the transaction, the course of action, rates and charges, and how the client will receive their income. The lawyer is simply asked to honor the lien in the funding company when settlement proceeds are in a position to be disbursed.

Post-Settlement Advances are money advances on settled lawsuits. Why would a client or attorney want an advance on a case that has already settled? Simply because in most instances payment will probably be delayed on account of court order approval, estate distribution protocol, medicare resolution, lien & judgment resolution, or just the insurance firm dragging its feet, etc. Unlike pre-settlement advances, the post-settlement advance method is much more streamlined. After all, the case is settled, there's a release or settlement agreement outlining the settlement amount, the lawyer fee and the client net share on the settlement. With that information, the lawsuit funding business can confirm the settlement, draft an agreement, and fund the transaction. The added benefits? Giving clientele immediate economic assistance for daily living expenses, and supplying attorneys with instant cash flow to keep their practice running.

For more information on lawsuit funding, you can visit http://usalawsuitloans.com/. American Asset Finance, LLC is a full service litigation finance and funding organization. Owned and operated by attorneys, they have been supplying litigation financing and funding to attorneys and clientele since 1997. Unlike most firms that solely provide either pre-settlement funding or lawyer loans, American Asset Finance, LLC provides the wider spectrum of litigation funding, including pre-settlement funding, post-settlement funding, and inheritance funding to help provide money advances and lawsuit funding and financing on which attorneys and clientele can consistently rely.

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