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BOY SCOUTS OF AMERICA LAWSUIT LOANS

BOY SCOUTS OF AMERICA LAWSUIT LOANS

The Boy Scouts of America (BSA) currently has 2.2 million youth members between the ages of 5 to 21 years of age. They also have approximately 800,000 volunteers. This organization that promotes moral integrity among men is now facing numerous lawsuits for sexual abuse. Thus the need for Boy Scouts of America Lawsuit Loans.

BOY SCOUTS OF AMERICA SETTLEMENT CASH ADVANCES

BOY SCOUTS OF AMERICA SETTLEMENT CASH ADVANCES

 

With more than 130 million youth and 35 million adult volunteers since its inception, the sex abuse claims raise serious concerns. There are 1,247 BSA files regarding claims of sexual molestation or sexual abuse between 1965 to 1984.

 

Boy Scouts of America lawsuits are in litigation throughout the United States. You may be wondering how abuse can happen for such a long period without discovery and what the lawsuits claim. Read on for answers to all your questions about the Boy Scouts of America lawsuits.

 

Perversion Files

 

The discovery of the Boy Scouts of America keeping a confidential “perversion file” for almost a century is an eye-opener.
The file is a record of men they cast out due to claims of abuse.

 

The file’s purpose is to prevent those men from returning to the organization. The confidential nature of the files allegedly protects victims, witnesses, and abusers.

 

The Los Angeles Times review of allegations found 1,200 files with more than 125 instances of men continuing to molest Scouts following the BSA receiving claims of abuse. By using false identities and hopping from troop to troop across the country the predators were able to remain active within the organization. Other contributing factors to this include clerical errors, computer glitches, and the BSA not checking the blacklist when admitting volunteers.

 

The coverup is extensive, including offenders being able to continue working with boys on a “probation” basis in some cases. In other instances, the officials did not file reports regarding abuse allegations and no complaints were put on file with the police.

 

A statement made by the BSA states that since 1919 they have maintained a listing of “ineligible volunteers” for the purpose of tracking men who do not meet the moral standards of BSA or against whom sexual abuse allegations are made. Those 15 locked cabinets of “perversion files” are at the BSA headquarters in Irving, Texas. The files are evidence in many lawsuits, with the admission generally made under seal.

 

The 1,247 “perversion files” from 1965 to 1984 became evidence in a 2010 lawsuit. Their contents became available as a result of the Oregon Supreme Court ordering their release.

 

According to the New York Times, the files show 8,000 volunteers being cast out of the organization for sexual abuse allegations. Those files underwent a 5-year review by Janet Warren, a professor at the University of Virginia. Her findings show that during the 72 years between 1944 to 2016 the BSA knew of 7,819 perpetrators and 12,254 victims of sexual abuse within the organization.

 

Right to File a Boy Scouts of America Lawsuit

 

The Boy Scouts of America’s filing Chapter 11 bankruptcy in February 2020 is an attempt to survive the onslaught of lawsuits they are facing in court.

 

The amount of money victims receive from BSA lawsuits will be dependent upon the value of assets the organization has and the number of victims that file. If you are a victim and wish to participate in a Boy Scouts class action lawsuit you need to contact an attorney quickly. Many states are extending the Statute of Limitations for filing a Boy Scouts sex abuse lawsuit.

 

The problem with the expiration of the statute of limitations came about when many adults ready to come forward found out they were too late. As a result, several states have “lookback” windows that allow Boy Scout lawsuit filing for an extended period of time.

 

A two-year lookback window is in place in Washington D.C. and New Jersey. California’s three-year lookback began in January 2020. Additional states with lookback windows include Arizona, Montana, North Carolina, and Hawaii. There is no statute of limitations for childhood sexual abuse cases in Vermont.

 

If you were subject to any of the following you may be able to file your own BSA lawsuit or participate in a Boys Scouts sex abuse lawsuit:

 

  • Inappropriate touching
  • Viewing of pornography
  • Made to participate in sexual acts with an adult while under their care
  • Made to watch sexual acts with an adult while under their care

 

In addition to victim abuse claims, BSA is facing potential lawsuits for failing to prevent child abuse.

 

You need to contact an attorney about the possibility of filing a Boy Scouts lawsuit if any of the above applies to you. If you have an active lawsuit against BSA contact you may want to contact Law Cash 911 about the possibility of receiving a settlement cash advance, which will put money in your hands while litigation is pending.

 

Landmark Lawsuit

 

BSA LAWSUIT LOANS

BSA LAWSUIT LOANS

A 2010 landmark lawsuit award of $19.9 million in damages, the largest award ever made for a single victim against BSA, is the case that set forth the action of releasing more than 20,000 confidential “perversion files.”

 

Those files contain the names of more than 1,000 volunteers against whom claims of abuse were made. BSA was tracking the names within their organization, but no reports were made to police, and no notifications were made to parents.

 

Ongoing Legal Action

 

The BSA said in their bankruptcy filing in 2020 that they are facing 275 abuse lawsuits in both federal and state courts. In addition to those cases, BSA made note of an additional 1,400 potential claims.

 

The intent of the bankruptcy filing is to create a Victims Compensation Trust. The purpose of the trust is to provide compensation to victims of abuse. Between 2017 to 2019 BSA paid $150 million in settlements and legal fees.

 

Local Boy Scout Councils are not filing bankruptcy because they are legally separate from the main BSA group and continue to operate. There may be controversy over the property belonging to those 266 regional councils and local troops. The property may or may not have protection from use to pay lawsuit settlements.

 

With the BSA’s effort to provide victims of sexual abuse with their just compensation, you may be able to obtain a lawsuit loan on your pending case. These loans put money in your hands now in anticipation of a future settlement.

 

800 Victims File Lawsuit

 

In August 2019 a Boy Scout sex abuse lawsuit claims hundreds of former scouts are reporting sexual abuse over an 80 year period. They come from almost every state in the country.

 

The lawsuit claims at least 350 of the abusers are not in the BSA disciplinary files. Ommissions are because of inadequate vetting of volunteers and ongoing cover-ups within the organization.

 

The abusers include police officers, military members, teachers, a mayor, doctors, and a child psychologist. Their positions in society provide easy access to victims.

 

When filing a claim against BSA you may need funding to provide treatment for the emotional impact of abuse. Law Cash 911 offers pre-settlement loans against lawsuits that are pending. They have knowledge of funding loans against cases pertaining to the sexual abuse of youth.

 

Lawsuit Regarding Statute of Limitations

 

According to Boy Scout files, more than 12,000 boys have suffered molestation by 7,800 abusers since the 1920s. A federal lawsuit filed in January 2020’s purpose is to establish the nation’s capital as the proper venue for BSA sexual

NON RECOURSE LOANS

NON RECOURSE LOANS

abuse claims.

 

There are eight plaintiffs in this lawsuit whose identities are confidential. All plaintiffs reside in states where the statute of limitations is preventing them from filing a lawsuit against the BSA. These victims suffered abuse decades ago as children.

 

The reasoning behind the request is that Washington D.C. is the place of incorporation for the BSA in 1910.  The lawsuit claims that the BSA submits annual reports to Congress regarding the organization’s activities. During the 103 years of filing those reports, the BSA never reported that they were attracting thousands of pedophiles.

 

One of the main reasons for the filing is to establish a venue for a national lawsuit against the BSA. This is important because of the inconsistent statute of limitations among the various states.

 

The BSA is a national organization. The state in which a person was subject to abuse should not be the determining factor in their ability to obtain justice.

 

Sexual Abuse Filing Deadlines Approaching

 

If you are the victim of sexual abuse in the Boys Scouts of America the time frame for filing a claim is approaching. The federal bankruptcy proceedings set a November 16, 2020 deadline for victims to file their claim.

 

The deadlines can be confusing due to different deadlines set by states and the bankruptcy case. Some deadlines have extensions, including New York where due to COVID-19 you now have until August 2021 to file. Other states end on November 16, 2020, including Arizona, North Carolina, and Vermont.

 

If you miss the deadline to file against the national organization, you may still be able to file against your local council. It is advisable you contact an attorney to determine your ability to file a claim.

 

Affect on Boy Scouts of America

 

In addition to numerous lawsuits and filing for bankruptcy, the BSA is facing blows to its membership. The largest sponsor of the organization for decades, The Church of Jesus Christ of Latter-day Saints. That group is pulling 400,000 of its members out of the BSA.

 

This significant loss of memberships means for the first time since WWII, the BSA membership will be below 2 million members.

 

Request Your Compensation Now

 

If you have a Boy Scouts of America lawsuit, you may be able to receive a no-risk pre-settlement loan. If your

CLICK TO APPLY FOR A Boy Scouts of America LOAN NOW

CLICK TO APPLY FOR A BSA LOAN NOW

lawsuit meets the qualifications for pre-settlement funding you may be able to receive your money in 24-hours. If you do not win your lawsuit you owe LawSuit Cash 911 nothing.

 

Contact us today if you have an active BSA lawsuit or are planning to file. We look forward to providing you with information about receiving a no-risk pre-settlement loan.

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GET A WORKERS COMPENSATION LOAN

Get A Workers Compensation Loan

There are around 2.8 million nonfatal workplace injuries each year. If you’ve suffered one of these and you’re worried

WORKERS COMPENSATION LOANS

WORKERS COMPENSATION LOANS

about your financial situation, you should know that you’ll be entitled to workers’ compensation. This should cover a large portion of your lost wages and medical expenses.

 However, if your settlement is challenged through litigation, you might find yourself short of money in the short term. Settlement loans for workers’ comp can be very useful in this situation.

 Read on to learn more about this type of loan and whether you should take one out.

 What Is Workers’ Compensation?

 If you suffer an injury or fall ill at work, you may be entitled to receive workers’ compensation. This scheme will cover a certain amount of any wages you lose out on while you’re out of work, as well as expenses related to your medical treatment.

 The precise laws on workers’ compensation vary from one state to the next. However, where you suffer an injury as a direct consequence of your workplace activities, your employer should have to provide it.

 There is a wide variety of injuries that qualify for workers’ compensation. The most common complaints that see claimants get relief are musculoskeletal issues, such as broken bones or damaged ligaments and tendons.

 It is possible to secure compensation for psychological issues in some cases. However, because causation is more difficult to prove in the case of a condition like anxiety or PTSD, payouts are less common.

 Settlement Loans for Workers’ Comp

 Even clear-cut workers’ compensation cases can end up in court. While you might be certain of the outcome from the very start, it can take a long time to convince a court of the real facts of a case.

 Unfortunately, during this period you won’t have access to any of your compensation money. This means that you’ll be left to fend for yourself financially, potentially with no income whatsoever.

 Not only that, but you will also not have access to workers’ compensation doctors for your medical care. This means that you may have to pay for treatment out of your own pocket, especially if you have an urgent condition like chronic pain.

 This isn’t a situation you will be able to sustain for long, especially if you have a family to support. Luckily, workers’ comp settlement loans exist to address precisely this need.

 How Does the Loan Work?

 Once you receive notice that your claim is in dispute, you are entitled to apply for one of our settlement loans.

30 SECOND APPLICATION

CLICK FOR OUR 30 SECOND APPLICATION

 The rules on how and when you can apply for this type of loan vary from state to state. In some jurisdictions, you’ll have to hire a lawyer before you can submit an application.

 If you’re struggling to put money together to mount an effective case, we also offer lawsuit funding loans.

States in Which Workers’ Comp Settlement Loans Are Available

 Workers’ compensation disputes are common in every state. Unfortunately, not every state permits workers’ compensation settlement loans.

 We provide a list of states in which our services are available on this page.

 Why Might a Workers’ Comp Case End Up in Court?

 You might think that securing a workers’ compensation payout would be a simple process. After all, most companies in

COURT COSTS MONEY

COURT COSTS MONEY

most states are legally required to have workers’ compensation insurance, and even many of those companies that aren’t affected by this rule choose to take out insurance anyway.

 However, it’s not always as easy as collecting your check from the insurance company. Workers’ compensation disputes are unfortunately very common.

 The objection may come from the employer or from the insurance company.

 Employers’ insurance premiums will climb considerably after a claim. This is because insurance companies assess premiums on the basis of risk and because one claim indicates a higher likelihood of another happening in the future. Therefore, many choose to contest workers’ comp claims.

 Insurance companies also choose to do this in some cases. Their business model relies on the payment of as few claims as possible, which means that they’ll do whatever they can to disprove claims in a lot of situations.

 What Will They Dispute?

 Generally, the easiest way for an employer or insurer to challenge your workers’ compensation claim is to raise a question about causation. What this means is that they’ll attempt to prove that your injuries did not arise due to workplace activities.

 This is impossible in many cases, such as where a worker falls from a height and suffers a broken bone. However, not every injury or illness has as obvious a cause as this.

 For instance, consider repetitive strain injuries. These are conditions that arise due to a continued pattern of exertion over a long period, such as lifting or carrying.

 If you suffer such an injury, and you perform lifting or carrying movements outside of work (such as in the gym) your opposition may try to use this to disprove your case.

 Getting the Help You Need at a Difficult Time

 Workplace injuries are hugely difficult for anyone. The physical trauma of suffering an accident coupled with the financial difficulties that might accompany it are enough to overbear on anyone’s resolve.

 However, if your workers’ comp case ends up in court, you should know that there are ways to keep yourself afloat financially until you get your money. Settlement loans for workers’ comp give you an invaluable option when times are tough.

 If you’d like to learn more about this financing option, contact us today to find out if your issue qualifies for a loan.

WORKERS COMPENSATION LOANS

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www.lawCash911.com

ALSO CONSIDER THESE INFORMATIVE LINKS  —      HOW TO GET IVC FILTER PRE SETTLEMENT FUNDING    WHISTLEBLOWER / False Claims Act LOANS     Hernia Mesh Lawsuit Funding Loans       What to Expect in a Clergy Abuse Lawsuit    Can I Get Two Pre Settlement Funding Loans       Pre Settlement Funding Companies 101          LOWEST RATE PRE SETTLEMENT LOAN How To Find One      SAME DAY LAWSUIT LOANS – How To Get One    10 Things to KNOW TO GET A LAW FIRM LOAN

 

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FINANCE YOUR LAW FIRM

WHAT YOU NEED TO KNOW TO GET A LAW FIRM LOAN

For the academic year 2019 to 2020, the average annual cost of private law school was a staggering $49,548. That’s the bare midpoint cost per year, and law school takes at least three or four years to complete. That means law students pay a minimum of $150,000 to $200,000 to get their education.Most studends have to at least consider How to Get a Law Firm Loan

These education expenses don’t end with law school, though, as there’s higher ed to think about too. Many

IT COST A SMALL FORTUNE TO BECOME A LAWYER

IT COST A SMALL FORTUNE TO BECOME AN ATTORNEY

graduates have to take law specialization courses as well.

So, it’s no wonder that law firm loans have become the norm for startup practitioners. Without legal funding, it would be close to impossible to launch a new legal practice.

Ready to begin your legal funding application? Then be sure to read this guide first!

 

1. A LAW FIRM LOAN Loan Can Help Your Startup Succeed

If you’re thinking of starting your own law firm, a business loan can help you succeed. A study found that loan-backed businesses had twice the revenue. That’s in comparison with companies without any form of credit at all.

 

2. Traditional Lenders Want to Know What You Need the Loan For

Do you need the funds to cover monthly office expenses, such as rent, utilities, and research? Perhaps you need funding for filing fees, insurance, payroll, or other operating costs. You may even need TO GET A LAW FIRM LOAN  to cover the advances and deposit for the actual office itself.

It’s crucial to make a list of all these expenses as traditional lenders will ask you what you need the loan for. For instance, many banks will want to know if the money you’ll borrow will go toward rent or equipment costs. The Small Business Administration (SBA) has even more stringent requirements.

If you don’t want to go through all these, non-recourse solo attorney case loans are your better option. These come with more relaxed lending standards, and you can use the funds for whatever you need. You can even use the cash to cover your law firm’s advertising and marketing expenses.

CREDIT HISTORY MATTERS

CREDIT HISTORY MATTERS – SORRY

3. Most Lenders Would Review Your Credit Score

In the US, almost one in five young people (18 to 22 years old) don’t have a credit report. Those who do (such as those who already use credit cards) have an average credit score of 672. By Experian standards, that’s below what classifies as a “good score.”

If the same goes for you, you’re likely to have a hard time qualifying for a bank-issued business loan. Credit scores, after all, are one of the most crucial factors to be eligible for traditional loans. If you don’t have a credit score of at least 700, most business lenders will say no to your application.

This isn’t the case with law firm financing programs from legal funding lenders. They’re not like usual business loans, as they don’t require an in-depth look at your credit history. Instead, they will base your qualification on the merits of your pending cases.

4. Business Bank Lenders Also Look at Cash Flow

When reviewing applications for small law firm loans, most lenders look at cash flow too. This is a measurement of the amount of expendable cash that a borrower has. It has to be dispensable, as traditional lending firms will consider this as a way to pay back what you owe them.

These lenders often don’t grant business loans for law firms if the borrower has too little cash on hand. Unfortunately, most lawyers who want to start their own firm fit this bill. For many, a lack of cash flow is the reason they need to take out a loan in the first place.

Non-recourse legal funding for attorneys and law firms won’t require this from you. They understand that many attorneys are still paying back their law school loans. After all, as many as six in 10 student debt borrowers say they’ll be in their 40s by the time they pay off all their debts.

Instead, legal funding firms will only have to verify the success potential of your cases. If the lender sees that your claim has a strong possibility of winning, you’re likely to get the funds you need.

5. How You Get Paid Matters to Most Lenders – but not so for law firm loans

Many lenders may also be unwilling to extend credit to contingency-fee lawyers. In such cases, litigators who act for plaintiffs often don’t get paid for weeks and even months. At the very least, personal injury settlement checks can take up to six weeks to release.

Some cases, such as wrongful incarceration, can even take several years to settle.

It’s because of this payment structure that most lenders shy away from such attorneys. There are too many variables in contingency fee-based cases, all of which are too risky for banks.

As such, if your firm focuses on personal injury, consider cash funding on litigation. Lenders that specialize in legal funding make decisions based on the laws itself. It won’t matter if your cases will take months to settle; what matters if it has a high likelihood of

HOW DO YOU GET PAID?

HOW DO YOU GET PAID?

success.

6. How Soon Do You Need the Funds?

The current health situation has led to numerous delays in the justice system. Many courts, including the Supreme Court, even went on a temporary closure. For guilty defendants, this is great news, but terrible for attorneys and plaintiffs.

If the backbone of the justice system itself had to close, then you can expect lenders to have been the first to do that. They continue to operate, yes, but they do so with a skeletal workforce. As a result, it can take even much longer to process business loan applications.

The thing is, most lawyers and plaintiffs cannot afford to wait for an uncertain period of time. Mortgages, rent, utilities, and basic needs won’t stop just because of the lockdown.

This is where the quick turnaround time of litigation funding firms come into play. Lawsuit Cash 911, for instance, issues non-recourse loans within 24 to 48 hours. The team will process your application right away, and if you qualify, you’ll get the funds in just one or two days.

7. How Do You Plan to Pay Back the Loan?

When comparing your law firm financing options, consider their repayment structure. As with most traditional loans, these come with monthly interest rates. With such funding programs, you’d need to repay the lender every single month.

Even a single delayed payment of these loans can already damage your credit score. If you took out a secured loan, failure to pay it back would lead to the loss of the collateral. The secured loan lender will take possession of the security as a means to recoup your unpaid loan.

This can have a devastating impact on your law firm, especially if you used essential assets. You risk losing much of what you’ve invested in your practice due to the non-payment of secured loans.

If you fail to repay a non-secured bank loan, then your entire financial future will suffer. Your credit score will drop, and you’ll have a hard time applying for other loans.

If you’d rather not risk any of your assets, then custom solo attorney loans may be better suited for you. You’d only need to pay back a non-recourse litigation funding program if you win the case. If not, the lender won’t pursue you for repayment.

8. Factor In When You Need to Repay the Lender

As mentioned above, most traditional loans require monthly payments. Specialized litigation funding, on the other hand, usually only have a one-time repayment. You’d only need to pay back the latter if and when you win the lawsuit for your client.

A LINE OF CREDIT MATTERS

A LINE OF CREDIT MATTERS

9. The Need for Continuous Access to Financial Resources

Since most lawsuits take months to years, it’s best to have access to continuous funding. A line of credit account custom-designed for your law firm is one of your best options. With this, you’d always have resources to tap for any ongoing expenses.

10. Law Cash 911 Only Need Three Basic Requirements

Law Cash 911 provides attorney practice loans and tailored loans for law firms. These litigation funding programs are non-recourse and act more as a cash advance than a loan. Meaning, you don’t have to worry about monthly repayments or paying back the debt at all if your case doesn’t win.

Law Cash 911 will not base your eligibility on credit history, cash flow, or outstanding debts. There are only three primary factors you’d need to qualify for legal funding.

First, the active lawsuits that you’re handling should have established merit. The defendant of these cases should also have a strong financial foothold. They should be capable of paying the settlements or have adequate insurance.

The third factor is the amount of damages that you and your client is suing for. The more significant this is, the higher the likelihood of legal funding qualification.

Raise Your Law Firm’s Chances of Success With the Best Law Firm Loans Now

As you can see, there are a lot of factors that traditional lenders of law firm loans take into account. If you don’t meet even just one of these, especially credit score, you’re unlikely to get a yes from them. Law Cash 911 won’t put you through the same hoops and stringent

CLICK TO APPLY FOR A LAW FIRM LOAN

CLICK TO APPLY FOR A LAW FIRM LOAN NOW

loan application process.

If you need funding for your law firm as soon as possible, we are ready to help. Apply for your attorney and law firm funding loan with us, and we can get you the funds you need in as little as 24 hours.

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Attorney and Law Firm Loans

HOW TO GET LOANS FOR ATTORNEYS & LAW FIRMS

ATTORNEY LOANS

ATTORNEY LOANS – LAW FIRM LOANS

In 2018, the United States was home to an astounding 1.33 million active, licensed attorneys. That figure signifies an increase of more than 15% from a decade ago. Thus the greater need for Loans for Attorneys

The above statistics don’t even include the bar passing-graduates of the Class of 2019 yet. This class alone constitutes of 33,954 graduates.

In any case, becoming an active, licensed lawyer means that you can now launch your own law firm. However, that would require thousands of dollars that you may not have access to at the moment.

Unless, of course, you apply and qualify for financing and loans for attorneys.

That’s right — there are several ways to finance your law firm, just like how businesses can take out loans.You can apply for Loans for Attorneys.These financial programs for lawyers, however, are not like your run-of-the-mill business loans. For starters, most of these law firm funding services are non-recourse.

Ready to learn all about opening a law firm and how attorney loans or law firm financing work? Then let’s get this guide started!

why start a law firm

WHY START A LAW FIRM?

Why Even Start a Law Firm?

In one survey, more than three-quarters of employees said that they feel “on their own” in their company. They believe that their employers don’t give them enough tools or help to grow their careers. As a result, many of them file for resignation.

Workplace politics is another main reason workers quit their jobs. It has such a massive impact, in fact, that at least one-third of employees have left a job because of it.

Besides, as you may have likely experienced, law firms have very competitive environments. The nature of the work itself is competitive — being a lawyer is all about winning a case for the client, after all.

Without proper management, excessive competitiveness can become very stressful. Over time, this can take a huge toll on one’s self-confidence. Ultimately, you may not experience the growth that you’ve always wanted as a lawyer.

These are problems that you can have direct control of if you start your very own law firm. Since you’ll be your own boss, you can create a better workplace, not just for yourself, but for your people too. As a founder of a law firm, you can get away from and get rid of tiresome office politics.

At the end of the day, however, starting a law firm gives you more professional independence. You can take on more projects that interest you and allow you to focus on the niche you want to specialize in. All these then gives you more freedom to craft your own legal brand.

Career and Job Outlook – Loans for Attorneys can Help

Over 100 million cases — that’s how many get filed each year in US state trial courts alone. Federal trial courts, on the other hand, receive an estimated 400,000 case filings every year.

In fact, at the end of the 2019 fiscal year, US attorneys handled more cases than at the start of the year. During the beginning of the year, there were only 74,843 pending cases in US district courts. This jumped to 80,365 pending cases at the end of the year.

All these stats prove that there’s an indisputable need for attorneys. As a lawyer, you’ll always be in demand.

As a founder of a law firm, however, you can make your services even more easily available. This, in turn, can heighten the demand for your specific legal expertise and skills.

The Biggest Challenge

Court Cases Cost Money

Court Cases Cost Money

Note, however, that your law firm won’t just provide you a place to practice the areas of the law you want to focus on. It’s also a business, and that means overhead expenses and continuous costs. In some cases, such as in personal injury lawsuits, you may also have to rely on contingency fees.

Operating Costs

The costs of starting and running a law firm are the biggest challenges you’ll face. There are the rental rates of commercial space, for starters. Depending on where you’ll establish your firm, you could be looking at as much as $50 per square feet of office space. Loans for Attorneys sounds appealing

Outside of your firm’s expenses are the soft and hard costs of providing legal services. Soft costs often arise from legal research, electronic data storage, and paperwork. As for hard costs, these include court filing fees and paying for copies of medical records.

Delayed Client Payments – Use Loans for Attorneys

On average, processing of legal claim settlements can take anywhere from one to six weeks. That’s the average “waiting time” for claimants or plaintiffs to receive settlement money.

If you’ll work on a contingency basis, then you’ll also wait for up to six weeks to get paid for your legal services. If their claim or lawsuit doesn’t win, however, then you won’t receive any payment. Contingency fees, after all, are a “no win, no fee” type of legal expense.

Also, having a strong case doesn’t always mean that a claim or lawsuit gets paid on time. Payments for wrongful imprisonment settlements, for instance, can take three months to years. Many other lawsuits, particularly those for personal injuries, can take even longer.

Loans for Attorneys: Funding When You Need It

Regardless of how long it’ll take for a claim or lawsuit settlement, your law firm must continue to run. Bills and expenses,

Non Recourse Loans

Non Recourse Loans

however, won’t wait to get paid. Worse, not having access to a stream of funds can result in key pieces of evidence getting delayed.

In such cases, it’s best to consider law firm funding, which can take the form of cash advances and lines of credit.

Cash Advances

Get earlier access to funds from settled cases or finalized verdicts with a cash advance. With this type of litigation funding, you don’t have to wait for weeks, months, or years to get paid. So long as there’s a guaranteed settlement on the case, you can tap its funds even before you receive the check.

The exact amount that you can get in advance depends on your expected payment though. This payment refers to the agreed-upon fees that your client will pay you if you, as the lawyer, win the case. From there, the lender will make computations on your anticipated lawyer fees.

Once granted, you can expect the cash advance within 24 to 48 hours.

Line of Credit

A line of credit (LOC) is another way to get cash funding on litigation handled by your law firm. It works in a similar manner as a credit card in that you can borrow up to its preset limit, any time you need to.

The LOC limit will depend on your agreement with the lender, although it often depends on won cases. You can, for instance, have the limit based on the expected payments of settled cases or verdicts. You can also have the lender provide you a customized LOC program tailored to your law firm’s needs.

Either way, every repayment you make toward the LOC will “refresh” your limit. So, if you pay $1,000 on your LOC account, you can use that amount once again when the need arises.

Working Capital Loans

Did you know that as many as 69% of business owners tap their personal funds for the sake of their business? Such is the case whenever their business encounters financial issues.

For many who don’t have stowed funds, loans are the second most common option. This, in fact, is a usual occurrence, seeing that only about seven in 10 working adults in the US have some savings.

That said, working capital loans can be your law firm’s saving grace if you don’t have savings. Besides, you most likely don’t want (nor is it recommended) to use your own personal funds. Even if it’s your law firm, you need to separate business expenses from your personal life.

You can use working capital loans to fund your law firm’s daily expenses. You can use the money for operational costs, such as paying witness fees or court filing fees. You can even tap it to cover payroll and even your law firm office’s rental payments.

Why Litigation Funding and Not Traditional Loans

Grow Your Business

Grow Your Business

With litigation funding, you can take out non-recourse loans or advances. This means that your repayment to the lender will depend on the outcome of your case. If you don’t win the case for your client, then you also won’t owe the lender anything.

Non-recourse lawyer cash advance programs also don’t have specific repayment deadlines. Again, it’s because you have to repay the lender only when your client receives the settlement. As such, you don’t have to worry about compounding interest rates on your attorney loans.

These are benefits that you can’t expect from a traditional financial institution. There are very few banks — if there’s even any at all — that provide non-recourse attorney loans. In addition, almost all conventional loans depend on a borrower’s credit score.

Get the Funds You Need to Grow Your Law Firm Now

There you have it, your ultimate guide on litigation funding and loans for attorneys. Now that you know you your law firm has many financing options, it’s time to explore each one of them. The sooner you do, the sooner you can grow your law firm and make a mark in the legal industry.

If you’re looking for reliable law firm financing programs, we here at Lawsuit Cash 911 are ready to help. Please feel free to check out our numerous innovative funding options for lawyers! Don’t hesitate to give us a call too, if you need help applying for law firm funding.

CLICK TO APPLY FOR A SETTLEMENT LOAN NOW

CLICK TO APPLY FOR FINANCING  NOW

 

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CAR ACCIDENT LAWSUIT LOANS

AUTO ACCIDENT LOANS CAN HELP IN TIMES OF DISTRES

More than three million people are injured in an auto accident in just a single year.

INJURED IN AN AUTO ACCIDENT

INJURED IN AN AUTO ACCIDENT?

In reality nothing can make up for the emotional pain and suffering of sustaining an injury from a car accident, The good news is the funds from a car accident settlement can help to offset the financial burden..

However, even though you know you’re likely to be awarded a hefty settlement in the future, it doesn’t do much to help you pay your ever-growing bills right now.

Whether you need to pay for medical bills, car repairs, or even personal expenses that have piled up because you’ve been unable to work, you may be able to access the money from your pending car accident settlement immediately.

Want to learn more about car settlement loans/lawsuit advances so you can get access to the money when you need it the most? After all, you have no idea how long it’ll take for your case to be completed, and you can’t afford to wait months — let alone years.

Read on to learn everything you need to know about pre-settlement funding.

The Basics of Car Accident Pre-Settlement Loans

BASICS OF LAWSUIT LOANS

BASICS OF LAWSUIT LOANS

First, let’s make sure you understand the basic definition of pre-settlement funding.

In short, it allows you to borrow/get early access to the money that you’ll be awarded in the future when you’ve reached a settlement in your car accident case. You may also have heard them referred to as lawsuit cash advances or litigation funding.

The best part?

It doesn’t matter how large or small you expect your auto accident settlement to be — in most cases, you’ll still be able to borrow a proportionate amount of  money. Additionally, it often doesn’t matter how severe the injuries you sustained in your car accident actually are. Even with minor injuries, you may still be able to access some of your upcoming settlement funds early.

Essentially, you promise to pay your lender back for the money you borrowed once your settlement begins paying out. This means you can avoid having to make monthly payments because your loan is only repaid once you’ve reached your settlement.

You should look for a pre-settlement loan provider that only requires you to pay back your money in the event you do win your lawsuit/settle out of court. This preferred sort of Cash Advance is called a Non-recourse loan.

Now, let’s take a look at the top benefits of car accident settlement funding

Why You Should Borrow From Your Future Car Accident Settlement

WHY GET A LAWSUIT LOAN

WHY GET A LAWSUIT LOAN

Of course,auto accident  pre-settlement funding allows you to pay for care and necessities while you recover and seek treatment for injuries you sustained in your car accident.

In fact, in some cases, you may even be able to get access to your money in 24 hours or less.

But there are numerous other benefits as well.

First of all, you’ll be able to stop spending your time arguing with your insurance companies that consistently try to low-ball you and settle your case for pennies on the dollar.

Plus, when you have access to some of the money from your upcoming settlement, you’ll be able to hold out for a much larger payout from your insurance company.

Additionally, in many cases, pre-settlement loans are much easier to access than loans from your bank. What’s more, you can use the money from a car accident settlement loan in any way you’d like — which isn’t always the case with traditional bank loans.

This means you can pay for your :hard cost” legal fees, medical bills, credit card bills, rent or mortgage, or even pay for a vacation to help ease your stress.

Finally, know that lenders don’t base their decision about whether or not to give you the loan on things like your current credit score, your income level, or the amount of debt you currently have. Instead, they look solely at the validity of your case.

APPLYING FOR A LAWSUIT LOAN

APPLYING FOR A LAWSUIT LOAN

This is wonderful news for those with bad credit scores or high amounts of debt.

Applying for a Auto Accident Settlement Advance

In order to be eligible for settlement loans, you’ll need to meet a few basic requirements.

First of all, you need to have an active court case — but don’t worry, you can apply for the loan at any point while the case is still active.

Additionally, you won’t be able to represent yourself in court if you plan to apply for a settlement loan. Getting the right legal representation is a smart move anyway, as it can prevent you from making mistakes that jeopardize your case and will likely win you a larger settlement.

Remember that the other party must be held liable for the accident. After all, if you caused the accident, you won’t be getting any kind of a settlement.

Above all, you need to ensure that you’ve done your research when it comes to your lender. Make sure you read online reviews, ensure they can fund lawsuits in your state, and that you know what to look out for.

Any company that guarantees approval or claims you don’t need to have an active lawsuit or an attorney to qualify isn’t a legitimate one.

Want to be certain you’re working with a settlement lending company you can trust?

GET PRE SETTLEMENT MONEY

GET PRE SETTLEMENT MONEY

Are You Ready to Apply for Pre-Settlement Funding?

The bottom line is – You don’t have to wait around to get access to money from a pending auto accident settlement.

Instead, by applying for pre-settlement funding, you may be able to get the money you need to pay medical bills and other expenses in as little as 24 hours.

Are you ready to start the application process and learn more about what to expect from pre-settlement funding?

APPLY FOR A LAWSUIT LOAN NOW

APPLY FOR A LAWSUIT LOAN NOW

If so, then we’re ready to work with you.

All you need to do is begin the process. Financial relief in the middle of an auto accident lawsuit is possible. Let us help you to get it.

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