Home

Feature Article:

Paternity Testing Regulation: Help or Hindrance?
Paternity Testing Regulation: Help or Hindrance? The French legislation has passed a law which prohibits testing for paternity without the involvement of the court system. Article 16-11 of the civil code states that in order for an individual to...
...Read More


How Pre-Settlement Lawsuit Funding Works

Additional Reading


An injured person contacts a company that offers pre-settlement lawsuit funding, sometimes at the suggestion of an attorney. The finance company contacts the lawyer who is handling the case, and obtains information about the case. Based upon that information provided, the loan company estimates the value of the likely eventual settlement or verdict, and offers a cash advance to the injured person based upon that estimate. The fee may be a flat fee, or a monthly fee that accrues each month the loan is outstanding. When the case settles, or the defendant pays after losing in court, the loan and associated fees are paid to the finance company.

These advances are offered as non-recourse funding, which means that an injured person has no obligation to repay if the lawsuit is lost. Similarly, if the ultimate settlement or verdict is smaller than anticipated, the amount that must be repaid never exceeds the amount of the injured person's share of that verdict or settlement. For legal reasons, these advances are not characterized as loans.

Amounts available vary significantly, depending upon the nature of the case and the company involved. Many companies offer pre-settlement funding amounts between $500 and $25,000. A few offer amounts up to $100,000. Fees also vary depending upon the company and the type of case. Some companies will fix the fee for the advance up front. Others will charge a monthly fee for each month between the time the funding is issued and when it is repaid, sometimes as high as 15% per month.

Afra AmirSanjari is the Principal for Peacock Capital.


Peacock Capital specializes in solving the cash flow challenges of Small/Medium Businesses, Government Vendors and Individuals with innovative financial solutions by providing a network for securing operating capital.


http://www.peacockcapital.com


info@peacockcapital.com

 

More Reading:


7 Tips to Hiring a Good Personal Injury Lawyer

The Gun Control Debate

How to Talk to the Police if Your Suspected of a Crime

Why Litigation Is Nothing More Than A Business Tool 26 Unbreakable Rules of Litigation

Thinking about online paralegal courses

 
Celebrex Class Action Suits Regaining Power For The People

Personal Injury 12 NEW Methods

Consumers Fight Back With FTCs Do Not Call Registry

Make Your Complaint Heard Get Results

Case Watchers Make It Easy To Keep Up With Criminal Trial News


Winning Tactics For Choosing A No Win No Fee Solicitor
Every year, millions of people are injured or have accidents. Its human nature! One human injuring another by various means due to negligence! Within cars, on the streets, in the shopping mall, possibly anywhere and everywhere! And the first thing...
...Read More

Filing a Simple Bankruptcy
We all know times are tough and, for some of us, bills are getting harder to pay each month. If the debts you owe are more than what you can afford, you should read on. Filing a bankruptcy can be the answer to your problems. A bankruptcy is a...
...Read More

DUI - Driving Under the Influence
DUI, or driving under the influence, is a very common problem among teenagers today. Too often we hear about several people meeting their deaths on the road because of this. Most of the time, they weren't even the ones driving. That's why it's...
...Read More

Case Watchers Make It Easy To Keep Up With Criminal Trial News
Nothing is more frustrating than trying to search for news about a specific trial, especially when the mainstream media isn’t interested. Now, Case Watchers keeps readers apprised in an easy to read format. Updated daily, Case Watchers...
...Read More

What Type of Loan Do You Need?
There are many types of loans available to consumers. There is no shortage of people willing to lend money to qualified individuals. It is a matter of knowing what you need and what is available to you. Student loans, personal loans, auto loans-...
...Read More