Businesses who are in a lawsuit and need money can use their settlement to move ahead.

May 22, 2008

This subject is hardly known. As a matter of fact 99% of businesses do not even know that this type of help exists.

I can see how a lawsuit cash advance would be more advantageous than a loan from a bank. The main advantage being that additional debt is not created. For more on where our money comes from see my other blog and watch the video. Instead, the business is using an asset - the settlement that they just don’t have in their hands at this moment. The wealthy use their own assets all the time instead of creating debt.

It must be hard for a business who is challeneged with trying to move thier business ahead in this confused economy to afford a lawsuit and pay for every hour that their attorney is billing on thier case. That money could have gone into marketing or other expenses to move the company forward. I can see too how the attorney would like to know that this exists so when his client calls and says, “we can’t afford this anymore” then he could refer them to a broker who funds commercial cases.

Games are no fun to play if you do not know the rules. Knowing that this rule exists - getting an advance on your lawsuit, helps tremedously.

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Posted by Rob Thomas | Filed Under Blog, lawsuit advance, lawsuit cash advance, litigation funding, presettlement funding 

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