Lawsuit Funding Options For Plaintiffs
A new wave in litigation funding is sweeping the nation
and LawsuitFundingNetwork.com is leading the way
Morton Grove, IL (PRWEB) April 27, 2006 --
Since its inception Lawsuit Funding Network has been working
with multiple funders eliminating the need for plaintiffs
to file multiple applications.
"It really gives us an advantage in the industry to
work with multiple funders," observes Al Johnson founder
of LawsuitfundingNetwork.com. "If an underwriter turns
down or approves a funding application we immediately have
access to other lawsuit funding sources which may be assessing
the same case using different criteria."
This gives the applicant more options which is what a plaintiff
needs during a financially stressful time.
Mary Sims, an injured plaintiff who needed an advance, investigated
different funding companies on the Internet and chose to work
with Lawsuit Funding Network because her attorney would only
have to send out supporting documents to Lawsuit Funding Network
instead of the same documents to multiple sources.
"I was financially overwhelmed with everything I was
going through and was so happy to be dealing with one source
for my application needs. They made the whole process so easy
for me and were really compassionate for what I was going
through." Mary Simms, like many plaintiffs who have been
injured and unable to work, find themselves in financially
Fortunately for Mary Simms and many others who experience
financial difficulties due to an accident, medical malpractice
or other types of personal injury can turn to Lawsuit Funding
Lawsuit Funding Network will assist an injured plaintiff,
whose case is approved for funding in securing a non-recourse
advance. This allows the victim to avoid financial ruin while
waiting for the legal system to work at its customary pace,
and enables the victim’s attorney the additional time
needed to seek the case’s full value. The advance is
secured by a lien on the lawsuit. A lawsuit advance is similar
to when an attorney is retained on a contingency fee basis
and is compensated only if the plaintiff prevails.
This cash advance is often referred to as a lawsuit loan.
In reality it's quite different than a loan- it's risk free.
If the lawsuit is settled for less than the amount of the
cash advance-or even if the court rules in favor of the defendant
rather than the plaintiff (meaning no financial recovery for
the victim) than there is no obligation to pay back the advance.
For further information about Lawsuit Funding Network, please
visit www.lawsuitfundingnetwork.com or email.
Note To Media: For more information, or to schedule an interview
with Lawsuit Funding Network, Inc. please contact Al Johnson
at (866) 270-1466
Lawsuit Funding Network