The Dixie Fire in California rapidly grew to envelope five counties and became the largest single (non-complex) wildfire in the state’s history. It was also the single most expensive wildfire in United States history. The Dixie Fire burned over 960,000 acres, an area larger than the state of Rhode Island, and it cost $637.4 million …
Choosing the Best Litigation Funding in New York
If you are the plaintiff in a lawsuit in New York, and the case is dragging on, your finances will grow tight while the bills mount. Pre-settlement funding can give you access to your future compensation to pay bills and make ends meet. In addition, litigation funding empowers cash-strapped litigants to see their lawsuits through …
Can My Lawyer Deny Me From Getting a Pre-Settlement Loan?
The short answer is no. Your lawyer cannot deny you from getting a pre-settlement loan. However, you do need to be represented by an attorney to qualify for legal funding. Sounds confusing, doesn’t it? For a complete understanding of your attorney’s role in securing a settlement loan, let’s explore this question further. We’ll also cover …
What Happened at Camp Lejeune?
The contaminated water at Marine Corps Base Camp Lejeune, NC, and Marine Corps Air Station New River, NC, has been described by scientists as the worst in American history. Studies show that the Camp Lejeune water contamination began in 1953 and continued through 1987. Meanwhile, countless soldiers, their families, and civilian workers drank, cooked with, …
What is Collateral for a Loan?
When you apply for a loan, the lender wants some assurance that you will repay the loan. In some cases, a lender will accept a sterling credit history and proof that you have an excellent income instead of security on the loan. More often, the lender prefers to get collateral on the loan. What is …
Top Lawsuit Funding Companies in the US 2021-2022
When you are the plaintiff in a lawsuit, you may be faced with rising debt. When the defense offers mere pennies on the dollar for a case your attorney insists is worth much more — what can you do? This is the common problem pre-settlement funding was designed to solve. It serves as a cash …
Why We Support the New York Consumer Litigation Funding Act
At Tribeca Lawsuit Loans, we have long favored sensible reforms and well-considered legislation governing consumer litigation funding. New York State Assembly Bill No. A03315, the New York Consumer Litigation Funding Act, is the kind of action our industry needs. Also known as consumer legal funding, lawsuit loans, and pre-settlement funding, consumer litigation funding finances plaintiffs …
What Are Commercial Litigation and Business Litigation?
Commercial litigation, often referred to as business litigation, refers to civil litigation where one or more parties is a business. While the terms are often used interchangeably, there are specific differences between business litigation vs. commercial litigation. Yet there is also a great deal of overlap between the two. Usually, commercial litigation attorneys can also …
What is Loan Underwriting and How Does it Work with Legal Lending?
When the plaintiff in a lawsuit needs financial support to pursue their rightful compensation, they can apply for fast cash through a lawsuit loan. The loan acts as a cash advance on their future settlement that can be used to pay any expenses. The application, approval, and repayment of a lawsuit loan are very different …
Trends in Commercial Litigation to Look Out For
Litigation financing remains relatively new in the commercial finance space. Nevertheless, it is a growing force in American commerce. Historically, such financial arrangements were prohibited and seen as illegal, a “disturbance of the common right” under the doctrines of champerty, maintenance and barratry. However, since many states have abolished this prohibition, commercial litigation finance has …
Financing Freedom
You might think that having your conviction reversed after years of protesting your innocence, filing dozens of court documents, and suffering numerous adverse decisions, would signal a rosy start to a new and wondrous life. You might also think that the state whose authorities are responsible for your wrongful conviction would be eager to provide …
What is Workers’ Compensation and How Does it Work?
Every year, nearly 3 million American workers are injured on the job. As a result of their injuries, many require medical treatment, lose wages from time off work, and may need physical or occupational therapy to return to work. Others may be partially or fully disabled and unable to return to the same job. Workers’ …
How Much to Expect From a Car Accident Settlement
If you’ve been in a car accident, you’re likely facing a stack of bills, including car repairs and medical care. You may be unable to work or return to work for an extended period. Naturally, the question of how much money you can expect from a car accident settlement is at the top of your …
What is the Difference Between Defendant and Plaintiff?
If you get caught up in a lawsuit, you will quickly realize that lawsuits have their own vocabulary. You might wonder, are you the plaintiff or the defendant? It’s essential to understand your position if you are involved in legal action. Defining Plaintiff vs. Defendant According to the Encyclopedia Britannica: The plaintiff is the party …
The Difference Between a Recourse and Non-Recourse Loan
When it comes to getting a loan, there’s more than one way to pay for it. Any loan that is secured by collateral is either a recourse loan or a non-recourse loan. Unsure what those are? In this blog, we discuss the basics of recourse vs non-recourse loans, how collateral works, and why you may …
How Long Does a Personal Injury Claim Take to Settle?
If you have experienced a personal injury, such as a car accident, slip and fall, medical malpractice, product liability, or wrongful death, you may have bills piling up and painful, unresolved medical issues. You’re wondering just how long does a personal injury claim take to settle? This is a simple question to ask, yet a …
How to Get the Best Deal on a Lawsuit Loan
When your civil case drags on and bills are mounting, a lawsuit loan, also known as pre-settlement legal funding, gives you access to your future settlement now, so that you can pay your current expenses. Pre-settlement legal funding can help you bridge the time from injury to recovery. But nothing is free. Lawsuit loans come …
Can You Borrow Money Against a Lawsuit?
A lawsuit can be a long, frustrating process, and the wait can leave victims in dire financial straits. Getting the relief they deserve can be financially draining after an auto accident, wrongful termination, or botched surgery that causes injury. This stress leads to the inevitable question many victims ask: “Can I borrow money against my …
How Does a Lawsuit Loan Work
You may have heard that a lawsuit loan can help you secure a bigger settlement. That is undoubtedly the case, and we’ll get to that. But before you explore the possibility of taking out a lawsuit loan to pay your current expenses with your future settlement, it is critical to understand how a lawsuit loan …
How to Get a Lawsuit Settlement Loan
Being a part of a lawsuit settlement is business as usual for insurance companies, but it’s not for consumers. When you are the victim of an accident, malpractice, or discrimination that disrupts your cash flow, things can get tight pretty quickly. You may end up out of work, without a vehicle, or struggling to keep …