Morton Grove, IL (PRWEB) October 7, 2010
"Plaintiffs applying for lawsuit funding can generally receive about 10 percent of the value of the settlement as estimated by the company proposing the advance. However this is where the advantage of Lawsuit Funding Network comes in," said Al Johnson president of Lawsuit Funding Network. "Since we use a network of investors it maximizes a plaintiffs chance to receive additional funding and since each investor group evaluates a case in their own way often times a plaintiff can receive an additional advance from a new investor."
Plaintiffs who have received a lawsuit advance and the company they received it from often won't advance any more money in the case find themselves facing another financial disaster. If an investor from the Lawsuit Funding Network believes the maximum lawsuit funding has not already been done on a case then an offer will be made to the plaintiff that includes buying out prior advances and advancing additional funds to them.
Plaintiffs can save a lot of time when they apply with Lawsuit Funding Network, one application allows multiple funders to evaluate a case. When applications are streamlined it also makes things easier for the attorney who only has to send documents to Lawsuit Funding Network instead of multiple sources.
Lawsuit funding is often referred to as a lawsuit loan but is quite different than a loan-its risk free. If the lawsuit is lost and the court rules in favor of the defendant (rather than the plaintiff-meaning no financial recovery for the victim) then there is no obligation to payback the advance.
For additional information regarding lawsuit funding (also referred to as a lawsuit cash advance, non recourse funding, or lawsuit loan) visit Lawsuit Funding Network at http://www.lawsuitfundingnetwork.com
or call 1-866-270-1466
Lawsuit Funding Network