Post-settlement funding

One of the most common misconceptions about winning a settlement is that the check will be sent immediately. The legal process for cases that already settled tends to get long and frustrating. On top of dealing with the legal procedure, plaintiffs have to also deal with their own financial demands. You must be wondering why there is a delay in the delivery of the settlement when you have already been awarded one legally. The following are some reasons that can cause a delay for a settlement to be paid to the plaintiff:

• The judge’s formal approval is still pending;
• Stalling investigations by the insurance;
• Requesting documents no longer necessary for the claim;
• Investigating and clearing liens;
• There is more than one plaintiff in the case;
• The size of the settlement/ratification of the terms of the payout.

The payment can also be delayed if the defense appeals to the decision of the court and takes the case to another level that involves long legal proceedings. This can cause the settlement to slow down on your payment for years. In addition to this, even if the case has been settled, you will still have to wait for the settlement to be approved by the court before the money can be distributed. 

While a client’s settlement payment is delayed, an attorney must also focus on other cases and manage the day to day expenditures of their firms. In the mid-time, the victim is desperate and calling you asking for help. Although the case has settled, your client still has costs, including rent or mortgages, evictions, electricity shut off notices, and other day-to-day living expenses that they might not be able to pay right away. In some cases, where the plaintiff is unable to work and support himself due to an injury or a wrongful conviction case, settled case funding can help him pay for his main needs while he works on getting back up with the necessary cash he needs today. A post-settlement litigation advance can temporarily put your client in a better financial position until they get paid in full.

Baker Street Funding provides plaintiffs and attorneys with settled cases a minimum of 12-hour post-settlement award advances. As soon as we receive the required documentation, and verify the details and validity of your settlement,  in exchange for a portion of your settlement payment, we will deliver you the advanced settlement funding as soon as 12 hours from the moment we receive all the required documentation. See the services we offer pre and post-settlement. So if you have a slow-paying settlement, call Baker Street Funding at (888) 711-3599 and get approved today. Our application process is fast and easy—and never has any shady hidden fees. 

While the United States’ legal system is in place to provide justice for those who have been wronged, the legal process does not always move quickly. A personal injury case can take many years to settle. Class actions and mass tort cases can take even longer because they usually span multiple jurisdictions, while commercial litigation is complex and lengthy.

Even after a case is settled, you may find yourself waiting a long time to see your money. Claims that are won in court sometimes require a review period or go through an appeal. Life keeps moving, and costs pile up for plaintiffs and law firms while they wait for the defendant to pay. Settled case legal funding is a non-recourse loan option available to attorneys and plaintiffs who have settled claims but have not been paid yet. A post-settlement loan is an ideal option for anyone waiting to receive compensation from their litigation. 

Our investment in your case has no risk to you. This means that we accept all the risk, and you are exempt from the debt if your case runs into complications and your award or fees never arrive. Non-recourse funding for settled litigations differs from a loan in two ways:

1. The first difference is that we invest in a portion of your settlement, for plaintiffs, things like credit, job status, and income verification do not factor into our analysis.
2. The second difference is that if the defendant doesn’t pay you due to bankruptcy or any other reason, the loan will be automatically forgiven by the legal funding firm.

The repayment process is simple. After the attorney receives the settlement monies, he or she will deduct our advance proceeds from the eventual settlement payment and we will be paid back the portion we are due by the attorney.