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 financial help you expected the settlement proceeds would provide for you and your family. The last thing you want to worry about is paying back your lawsuit loan.
If You Lose, Repayment Is Not Required
Fortunately, if you lose your case one thing you will never have to worry about is repaying Tribeca Capital. The IRS classifies your lawsuit loan as a form of investment, which means that we assume all risks associated with it – including the potential for a total loss of our investment. That means if you lose your case, you’ll owe us nothing.
We offer legal funding nationwide, which means we take on risks for clients across the country. While we do our best to ensure our clients can obtain their maximum settlement, the outcome is outside our control. However, should you lose your case, you will be able to keep the money you’ve already received from us with no strings attached.
Every case has a winner and a loser. No one can guarantee a win in any lawsuit. Not Tribeca, not your attorney, not your insurance company, no one. There are too many variables. But we work hard from the beginning to make sure that your case is in the best possible position to come out on top. Your attorneys will evaluate the facts and circumstances before you make a decision to file the case to make sure that yours is a winner. They will provide you with their best estimate of what your case is worth, how long it will last, and what you can expect it will cost to bring in court. It is always possible that some facts, unknown at the outset, can come to light during the discovery phase and negatively impact the outcome of the case. And, even with the best-prepared case, it is up to the judge or jury to make a final decision.
For a free consultation, call 866-388-2288
Your Lawsuit Loan Is Not a Traditional Loan
So, no matter how deserving the case is or how clearly the facts favor you, not every case will end in a settlement or a judgment that you can take to the bank. But what if you borrowed money to get you through the lean times while you were waiting for your case to pay off? If you lived on credit cards, the banks will still expect to be paid. If you borrow against your 401k or take out a home equity loan, you could end up with a huge tax bill or find yourself in foreclosure if you can’t pay back what you owe.
This will not happen with a lawsuit loan from Tribeca Capital. The litigation funding transaction like the one you enter with Tribeca is not like borrowing from the bank or withdrawing money from your retirement account. Litigation funding is a non-recourse transaction. In other words, the agreement between you and Tribeca is designed so that Tribeca gets paid from your winning judgment or your settlement proceeds only. If you do not win a judgment or enter into a settlement, Tribeca doesn’t get paid, and you will never be required to pay Tribeca out of pocket.
Tribeca Is Investing in Your Future
Instead of lending you money while your case is pending, Tribeca Capital is in essence purchasing a piece of your litigation. We consider it an investment in the outcome of your case. This investment means that Tribeca is put into a position very much like your law firm is when it agrees to handle your case on a contingency basis. Your law firm only gets paid when you settle or win your case. The same is true for Tribeca. Your success is our success, and we will be paid out of your settlement proceeds. But if your case is not successful, we will not be paid either.
That’s why we work hard at the outset to assure ourselves that your lawsuit is likely to result in enough of an award to pay your litigation expenses and attorney fees, cover our advances, and still ensure that you end up with a nice settlement. If Tribeca accepts your application, you will know that we are confident we will all come out winners.
But, before we invest in your future, you must begin the process by contacting Tribeca Capital. Call us at (866) 388-2288 to discuss your needs with one of our staff or fill out the simple application on this website and we will be in touch. Let us have an opportunity to show you how we can make your life a little easier today.