We at Tribeca Lawsuit Loans strive to provide you the best legal funding options in the country. Keeping that mind, we have prepared this guide to help you choose the very best settlement loan companies. There are so many pre-settlement loan companies that will jump to help fund your lawsuit. To help you find the …
What’s the Difference Between Lawsuit Loans and Legal Funding?
Overwhelmed with all the different legal financial products around? Tribeca understands that in a time when you are stressed and the urgency of needing money is overwhelming, terms and conditions are the last things you want to worry about. Therefore we will try to give you an easy overview of what to look out for …
How Long Does It Take to Process an Application For Legal Funding?
A realistic and honest view of how long it takes to get your legal funding application processed is difficult to obtain. Usually getting the appropriate paperwork from your lawyer and processing it is what takes up most of the time. Mind you this can all be done in a day if everything is organized. Legal …
Who Qualifies for Commercial Litigation Funding?
A business involved in a commercial dispute might qualify for commercial litigation funding from Tribeca Lawsuit Loans. Every lawsuit has the potential to last months and even years before the affected party gets the compensation they deserve, and that propensity is even higher when the dispute involves commercial and corporate entities. Getting pre-settlement commercial litigation …
When Can a Non-Recourse Loan Become a Recourse Loan?
To answer this question, it helps to understand something about loans that are secured with collateral and how a creditor uses that to collect debts when the borrower defaults on the loan. What is a secured loan? Oftentimes, a lender will require a pledge of collateral before giving a loan to a borrower. We call …
Is a Letter of Protection a Lien?
A letter of protection is a contract in which an attorney representing a personal injury plaintiff promises to pay a medical provider’s charges out of any financial recovery the attorney receives on behalf of the plaintiff. A lien is a creditor’s legal claim on a property that secures payment of a debt. For instance, the …
What is an LOP in Legal Terms?
A letter of protection secures payment to medical providers A letter of protection (often abbreviated as LOP) is a document issued by a lawyer in favor of a doctor, hospital, or other medical providers that are designed to protect the medical provider’s right to receive its fees for the medical services it performs to treat …
How Do Non-Recourse Loans Work?
You might ask yourself the question of why companies give non-recourse loans when in the event that your lawsuit is not successful you will not need to repay the loan. Most of the time pre-settlement loan companies only offer the loan when they know that your case is strong, and you will be awarded the …
What is a Recourse Loan?
When a lender can collect against assets that you have not put up as collateral, it is said to be a recourse loan. A recourse loan gives the lender much more leeway in collecting what it’s owed over its contract rights in a non-recourse loan. Read on to learn more of how a recourse loan …
Are Structured Settlements a Good Idea?
Many people who come into a windfall with a personal injury settlement are not sophisticated money managers. Here are some reasons why structured settlements may hold a key to helping them use their awards wisely. Tax Consequences Perhaps the most important consideration when evaluating how to design a structured settlement is the tax liability the …
What Is a Structured Settlement Annuity?
If a plaintiff settles a personal injury case for a large sum, they can take the payment as a lump sum, but the defendant may offer to pay it out in installments over a period of time. That can include the defendant’s purchase of a structured settlement annuity from an insurance company that will manage …
What Does A Structured Settlement Mean?
Plaintiffs awaiting settlement can expect this to be paid out in a lump sum most of the time. However, it is not uncommon to be offered a structured settlement instead of one large settlement payout. These are a set of regular payments that can last 10 years to life depending on the severity of the …
How Long Does It Take to Get Litigation Funding?
When someone files a lawsuit alleging some sort of personal injury, not only are they often suffering from the physical or emotional injuries that led to the suit, they’re hurting financially, too. Some cannot work while they get the medical attention they require. Others cannot afford medical treatment at all. Either way, they need access …
How Does Pre-Settlement Legal Funding Work?
Lawsuits take time. While the majority of them settle before ever seeing the inside of a courtroom, settlement negotiations often take months or even years. Unfortunately, the outside world does not stop to wait. Bills pile up, medical debts arise, lost income threatens your livelihood… there are myriad ways that the injured person in a …
How Do I Get a Non-Recourse Loan?
Instead of waiting months or years, lawsuit funding can help you gain access now to the value of your lawsuit — long before it settles or your lawsuit goes to trial. And that money is yours to keep even if you don’t win your case. That is what we mean when we say the loan …
Are You Required to Repay a Non-Recourse Loan?
You are not required to repay a non-recourse loan if you lose your case. You are only required to repay a non-recourse loan if you settle or win your lawsuit. If you don’t win, you’ll never have to repay a penny of what Tribeca Capital advanced to you. Tribeca Capital Is Paid Only When You …
What Happens if I Lose My Lawsuit?
It could feel pretty devastating if your lawsuit does not come out the way you expect it to. First, you suffered the injury that led to the need for the suit. Then, you invested all the time and effort into finding the right attorney and filing a lawsuit. Finally, knowing that you will forgo the …
Will Tribeca Capital Work with My Lawyer?
Yes, from the outset Tribeca Capital will work with your lawyer when you apply for a lawsuit loan. We will check in with your lawyer to monitor your case. When you are ready to settle, we work with your lawyer to ensure your lawsuit loan is paid from the proceeds. In fact, we consider it …
Can You Get An Advance On A Pending Settlement?
Plaintiffs often find themselves in a difficult situation, knowing they have a winning case, but lacking the finances to stick their lawsuit till the end. If only you could get part of that money already in the form of a cash advance… This is exactly what Tribeca Lawsuit Loans does. Lawsuits can last for years, …
Litigation Funding for Lawyers: 3 Tips to Secure the Capital Needed
Litigation funding is legal help in the form of a loan, which is only repayable if you win your case. This is called non-recourse lending, recourse is a legal term which means you are entitled to claim your money back, therefore non-recourse financiers are not eligible to ask for repayments if your client loses their …