Category:Lawsuit Financing

Lawsuit financing also referred to as litigation financing is an advancement against a pending lawsuit. Lawsuit financing is a cash advancement that typically comes as non recourse to a plaintiff or attorney with an active pending lawsuit.

The two most common lawsuit financing options are for a personal injury and commercial litigation lawsuit.

When a plaintiff applies for lawsuit financing they will only be qualified if they have the representation of a lawyer. In order for a lawsuit finance company to provide funding to a plaintiff the attorney will need to provide information pertaining to their case. This information is used during the qualification process and will ultimately be used to evaluate the case.

When an attorney applies for lawsuit financing they are asking for financial help to help litigate a case. This money is oftentimes used to help with the litigation process or used for salary or business expenses during the litigation process.

Lawsuit financing is become more common due to the down economy. It is said the number of applicants will steadily increase over the next several years due to job loss and loss of wages.