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: Settlements
info > News
Injury Plaintiffs Not Aware That Money
Is Available Before Their Case Even Goes To Trial
Fairfax, VA (PRWEB) February 1, 2005 -- Several funding
sources are responding to the cash flow needs of injury
plaintiffs with pending settlements. Typically, plaintiffs
and their attorneys are challenged with situations that
prolong the settlement of their case and they often lack
the financial support needed to overcome this unfortunate
aspect of the legal system. Pre-settlement funding gives
plaintiffs the financial capacity to withstand some of
these challenges and in some cases, simply pay their bills.
The funding sources are typically private investment companies
that allow plaintiffs to sell their pending lawsuit settlements
for immediate cash.
| The cost of the appellate process
can create a financial hardship for attorneys and
their clients. Pre-settlement funding is an emerging
trend that has benefits for both, but the problem
lies in educating them that these programs even exist. |
Costly litigation can force personal injury plaintiffs
to accept lower settlements or even drop their cases altogether
because they are balancing the high cost of medical bills
and lost wages with the funding needed to pursue the necessary
courses of action against their defendants. Additionally,
they can be faced against defendants that recognize the
advantage that a long, drawn-out appeal process can provide.
However, this selling option gives plaintiffs the means
to address the financial hardships incurred as a result
of their injury and removes the financial urgency to accept
an unfair settlement offer.
In many cases, plaintiffs can receive cash advances anywhere
from $1,000 to $1,000,000 based solely on the merits of
their case.
Fees can range from as little as 20% to as much as 50%
of the amount advanced, depending on the assessed “risk
value” of the case. “Of course this option is
not ideal for everyone”, says Karen Akins, Funding
Programs Manager for Streamline Funding, “but, in
certain cases it can be their only option — and so,
for those particular situations, it can prove a very beneficial
alternative to getting a loan; or, having to borrow from
family”.
The unique aspect about these funding programs is that
if the case doesn’t go to trial or the verdict is
unsuccessful, then the investor takes the loss and the
plaintiff is free of any obligation to repay. Unfortunately,
however, the majority of attorneys and their injured clients
aren’t even aware that these programs are available.
Streamline Funding is an organization representing hundreds
of investors that offer a variety of funding resources
and cash flow solutions to individuals and small businesses.
For more information, please visit www.streamline-funding.com.
Contact Information:
Karen Akins, CCFC
Funding Programs Manager
Streamline Funding
Media Contact:
Melanee Bryant
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