With close to 250K wrongful deaths caused in hospitals and surgery centers a year, and over 1mm medical malpractice claims made each year in the U.S., the market to assist victims is large.
New York, NY (PRWEB) November 12, 2012
Legal-Bay LLC, The Lawsuit Settlement Funding Company (http://lawsuitssettlementfunding.com), announced today that they have secured a credit facility of $2.5MM to enhance their Medical Malpractice Lawsuit Funding Products. In addition, the company has entered into a marketing venture with Route 72, a leader in digital marketing and business sales leads to assist with marketing their services to the many plaintiffs who were victims of Medical Malpractice.
Legal-Bay an industry leader in legal settlement funding has hired additional staff and outside legal personal to effectively underwrite complex Medical Malpractice cases. Medical Malpractice cases are often complex in nature and are typically fought hard by Doctors, Surgeons, and Hospital Associations who the claims are being brought against. “Many legal funding firms in the industry do not fund Medical Malpractice cases due to the high risk in them. However, with the new capital that we have secured and experienced underwriting staff – we expect to have some of the highest Medical Malpractice Cash Advance approvals industry wide”, commented Patty Kirby, Head of Client Relations at Legal-Bay. Legal-Bay has indicated that many of their Medical Malpractice clients have been denied funding by other Legal Funding firms.
With close to 250K wrongful deaths caused in hospitals and surgery centers a year, and over 1mm medical malpractice claims made each year in the U.S., the market to assist victims is large. To assist with marketing to the needy victims, Legal-Bay has aligned with Route 72 whose expertise with marketing and technological platform is a perfect fit for Legal-Bay. “Again, Legal-Bay is stepping to the plate to assist families of wrongful death suits and plaintiffs who have been seriously injured due to medical malpractice. Our job is to let the many plaintiffs who can no longer work and are waiting for their settlement to know there is a viable service from Legal-Bay to assist them with pre settlement loans before their cases are concluded so that they can pay bills to live.”
Legal-Bay and their investors take substantial risk with the lawsuit cash advance, since the money only needs to be paid back only if the plaintiff wins the cases. Unlike a settled case, the medical malpractice funding’s are not Lawsuit Loans due to the fact that they are non-recourse if the case loses. Legal-Bay’s clients can apply for up to $250K in a pre-settlement lawsuit funding with approvals in 48 hours. Funding amounts in excess of $250K have a longer review period.
If you are a family member who has a Wrongful Death Lawsuit pending or a plaintiff of a Medical Malpractice Claim and need up to $250k in funding today, apply to Legal-Bay at: lawsuitssettlementfunding.com. Or call toll free at: 877.571.0405 where experienced funding agents are standing by 24 hours a day to take your call.