What is lawsuit funding?

2010-01-18T21:53:00.045-05:00

If you are like most people, you probably did not know lawsuit funding existed until you found yourself in a situation where you needed it. So what is lawsuit funding? It is a cash advance against the expected settlement of a lawsuit. In other words, it is an advance on the settlement of a case that has NOT yet settled. This not to be confused with the purchase of future payments from a case that has already settled. These future payments are known as a "structured settlement". We can help you with those too, but here we are talking about advances on cases that have yet to settle. These advances are sometimes also called a "lawsuit loan" or "pre-settlement lawsuit funding". The advances are usually meant to help clients pay their basic living expenses. Most of our clients have had their ability to earn a living disrupted by whatever got them into the lawsuit. Their income has been reduced or eliminated, but their monthly bills continue to come in. If the income disruption and case drag on long enough, people will reach the point where they have exhausted their savings and borrowed all they can from family and friends, and now the only asset they have left is the future settlement from their lawsuit. The amount that can be advanced on the future lawsuit settlement is typically limited to 10% of the estimated settlement value. This settlement value is based on damages and available insurance to pay for the damages. Most of our advances are done "non-recourse". What this means is that if an advance is made, but nothing is recovered by your attorney, then you do not have to re-pay the advance.

We can be contacted via this blog. We can also be contacted using the following.

Phone: 1-800-598-1178
E-mail: julian@chestnuthillfunding.com
Web Site: www.chestnuthillfunding.com

Welcome to the Lawsuit Funding Blog for Chestnut Hill Funding

2010-01-18T21:36:00.001-05:00

The Lawsuit Funding Blog for Chestnut Hill Funding is a place to learn about the lawsuit funding services offered by Chestnut Hill Funding, to ask questions about lawsuit funding, and to express opinions related to the services we offer. There is no such thing as a "stupid question", so feel free to ask. If you have an opinion about the services we offer, this is the place to express it. If you want to praise us, we would like that. If you want to criticize us, please try to make it constructive so we can try to improve in the future.

We can be contacted via this blog. We can also be contacted using the following.

Phone: 1-800-598-1178
E-mail: julian@chestnuthillfunding.com
Web Site: www.chestnuthillfunding.com