Post-settlement funding helps attorneys and their clients get the liquidity they need now before the settlement check arrives. Apply for post-settlement financing and get special relationship-based pricing.
Post-settlement funding helps attorneys access their future receivables, which empowers them to make sure they are making sound financial and business decisions and not be handcuffed by an extended processing time of a settlement award. Attorneys can pay for the cost of new contingency cases that have come in as well as payroll and other business costs. Post-settlement financing acts as a lifeline for plaintiffs to gain access to liquidity that they otherwise could not get from a traditional financial institution. This allows them to catch up on past due bills as well as pay for any living expenses necessary.
Achieving settlement in a personal injury lawsuit is seen as a big win by plaintiffs. Most attorneys know that while a settlement is a milestone, it is by no means the end of the road. Settlement payments sometimes take months or years to reach the plaintiff due to processing issues, liquidity problems, appeals, or even the settlement terms. In the meantime, the attorney must focus on other cases and manage their firms' day-to-day expenses. Plaintiffs also have costs, including rent or mortgages, utilities, and other daily living expenses that they might not be able to pay for.
Post-settlement funding is a way of leveraging the settlement award and fees that a client or attorney is entitled to by using it to secure an upfront cash advance that is paid back when the payment arrives. This is done by securing the funds with a third party lien on the settlement, which the attorney will then use to pay back the principal and agreed-upon rate of return when the funds arrive from the defendant. This type of funding is utilized by both attorneys and plaintiffs and is tailored towards each individual case and the estimated time of arrival of the settlement proceeds.
The post-settlement financing process with Baker Street Funding is extremely simple and typically finalized inside of one business day. Once our underwriters review your case documents, including the fully executed settlement agreement, they will generate a contract for the client and attorney to sign. Once signed, we will execute that lien and distribute the funds by bank wire or certified check. We could release up to 50% of the award to the plaintiff or 50% of the fee to the attorney.
Post-settlement funding is utilized by many different types of plaintiffs and attorneys. Below are a few of the most recent types of cases commonly qualified for post-settlement funding:
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Baker Street Funding is a Premier Legal Funding Firm designed to strategically connect select financing opportunities with our extensive network of sophisticated partners and staff. Terms and Conditions Apply. WE RESERVE THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AT ANY TIME WITHOUT NOTICE. To qualify for legal financing, a consumer must be (1) an attorney, or (2) you must be a corporate plaintiff looking for a minimum of $750,000 in litigation funding or a minimum of $50,000 in post-settlement funding, or (3) you must be a personal injury, civil rights or employment/labor law plaintiff with a retained lawyer on contingency; you must be at least 18 years of age, you must have a strong liability claim against a properly insured defendant, you must reside in an eligible state, and meet our underwriting requirements. Contact us to discuss your options. Not all borrowers receive the lowest rate. To qualify for the lowest rate, your attorney must contact Baker Street Funding and meet other conditions. If approved, your actual rate will be listed in your contract. Historical returns do not guarantee future results.
*We do not currently provide financing to plaintiffs looking for lawsuit finance residing in Arizona, Arkansas, Kansas, Maryland, Nevada, Oklahoma, West Virginia, or Washington D.C. We reserve the right to change the states where we provide services to without notice.
Attorney funding is provided throughout all states of the United States. The states we currently provides services to are:
Alabama, Alaska, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Jersey, New York, North Carolina (Minimum $25K), North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, Wisconsin, Wyoming.
We currently fund Colorado at a minimum of $75,000. Case value must be at least $750,000+.
We currently fund North Carolina at a minimum of $25,000. Case value must be at least $250,000+.
d**We not provide services for workers’ compensation.
***This website and advertising are provided by Baker Street Funding, LLC to the extent that there is advertising related to Baker Street Funding, LLC. Transactions facilitated by us are not to be considered loans. These transactions are non-recourse financing agreements, which means that we are making an equity investment into your litigation. If you lose your case, you are under no legal obligation to repay your legal advance. Any word related to a loan(s), lending, lender(s), borrow(er), and cash advance(s) may be used to refer to legal finance. The words and any of its forms: loan(s), lender(s), lending, borrow, and cash advance(s) are strictly used for marketing purposes and easier comprehension for prospective clients. Our client relationships are paramount to us, and we take the client’s education process very seriously.
All information provided in this site is for educational purposes only and should not be taken as investment, legal, tax, or financial advice. We do not provide investment, legal, tax, or financial advice and prior to making any financial decision, please consult a financial advisor, an attorney, or tax professional.
All funding is subject to approval. Additional restrictions may apply. Call for details at 888-711-3599.
Baker Street Funding:
New York Office: 77 Water Street, 7TH floor, New York, NY 10005
Florida office: 780 5th Ave. South, Suite # 200, Naples, Florida 34102
Lawsuit Funding, Settlement Financing, and Litigation Loans: Baker Street Funding, LLC.
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