Litigation funding services in the United States commonly fall into two major categories: commercial and consumer. Consumer lawsuit loans, or lawsuit funding, is an extremely unregulated industry that frequently lends money to injured personal injury victims for living expenses only until their lawsuits settle. On the other hand, commercial lawsuit loans are typically backed by banks and other commercial lending institutions. Commercial funding for lawsuits occurs when an injured person files a lawsuit against another individual or company. Commercial funding often requires the plaintiff to have a specific net worth, ownership of real estate, or other such private property. Click on this website and get more info on this topic: lawsuitssettlementfunding.com.
One of the most prominent banking institutions involved in commercial litigation financing is J.P. Morgan Chase & Co. In addition to backing many of the world's leading financial institutions, J.P. Morgan Chase purchases all of the structured settlement payments it can locate as it develops those claims. While the sale of settlement payments to J.P. Morgan Chase is one method of obtaining cash for plaintiffs, it is not the only one. Learn more here on choosing the best lawsuit funding firm for some cash advance for your legal prosecution.
Lawsuit financing companies have also begun to emerge for both commercial and consumer lawsuit funding. One of the first and most well-known of these companies is Genex Capitol Technologies, which purchases structured settlements and individual claims from plaintiffs nationwide in order to provide a cash advance to plaintiffs in need of immediate cash. Genex Capitol Technologies is also one of the very few lawsuit funding companies that provide the funding directly to the plaintiffs in need of cash. It does not do any of the paperwork on its own, but instead relies upon the filing of an "advance" by the plaintiff with Genex to process the actual cash advance.
There are a number of very reputable and reliable commercial lawsuit funding companies that have been providing lawsuit loan and lawsuit cash advances to thousands of individuals nationwide for many years. One such company is Genex Capitol Technologies. Genex has been funding lawsuit loans and settlement loans to individuals nationwide for over twenty years. This company has a reputation that others in this industry trust and they do not review or verify the background or claims of any of their investors prior to providing either financial capital or lawsuit funding to these individuals.
There are also other well-established commercial lawsuit funding companies that are providing either cash advances or settlement loans directly to accident victims and their families. One of these companies is Genex Capitol. The other companies that fall within the realm of lawsuit funding are Pia Simonson and retained finance, a division of Wachovia. Pia Simonson is one of the most prominent investment banking organizations in the country today. As it relates to personal injury plaintiffs' compensation funding and/or lawsuit funding, there are currently no plans to expand the Genex litigation finance arm. In fact, presently there is no additional funding being approved.
If you are involved in a lawsuit or think you may be able to profit from such funding in some way, you will need to contact an attorney experienced with either lawsuit funding or settlement financing. You will also need to find an individual funding company that is willing to work directly with you and your lawyer. The terms and funding agreements between a private investor and plaintiff in a personal injury lawsuit are usually very complex. As such, you will find it very important that you have a qualified attorney to assist you in writing the proper forms that will allow you to receive the cash advance(s) and the lawsuit funding that you need. (This is especially true if you happen to be a victim in a car accident that requires personal injury litigation funding.) Get a general overview of the topic here: https://en.wikipedia.org/wiki/Legal_financing_industry.