Thursday, May 27, 2010

How does Lawsuit Settlement Funding Work?

You might be wondering exactly how lawsuit settlement funding works?  That’s why we’ve created this simple graphic image depicting clearly the steps in the litigation funding process.  This is the process you can expect when you work with Alliance Claim Funding for your legal funding needs.

1.    Plaintiff Incurs Damages: The initial injury or loss to an individual or group is the first incident or event. Whether you’ve suffered a personal injury such as a car accident, slip and fall, medical malpractice, or you’ve lost a loved one in a wrongful death, this is the first step.

2.    Lawyer Accepts Case: When you feel you have a legal case to pursue you will consult a personal injury attorney or other attorney who specializes in the type of case you plan to file. Once you meet with your attorney and the case is reviewed you’ll retain the services of the lawyer to guide you through the legal process.

3.    Plaintiff Needs Money: Filing a case costs money. Even if your case is strong and you expect a settlement or verdict in your favor, it can a long time to reach a positive outcome. In many situations, money runs out as the case moves forward and plaintiff’s struggle to pay for living expenses, legal fees, medical expenses, etc. This is when most plaintiffs’ and their attorneys seek lawsuit settlement funding from Alliance Claim Funding.

4.    ACF Reviews Case: Once a phone call is made to Alliance Claim Funding, their professional team immediately begins the case review process. This review is done swiftly to determine if your case will qualify for funding.

5.    ACF Advances Funds:  Once a case is reviewed and accepted for litigation funding, Alliance Claim Funding immediately advances funds to the plaintiff.

6.    Case Settles:  Once the case settles the funds advanced earlier by ACF and payment goes to a lawyer’s trust set up to hold the funds.

7.    Advances Paid: The advance is paid back in full to Alliance Claim Funding.

Tuesday, May 25, 2010

Breaking News:  Please read our news release sent out to media on PR Newswire this morning Alliance Claim Funding Press Release.

We’re pleased to welcome you to our new blog.  Alliance Claim Funding has been around for several years, we have a whole new look and design for our website.  As part of the new look we’ve added a blog. The blog is meant to provide a more conversational piece to the Alliance Claim Funding online information package.  Please plan to stop in regularly and stay on top of our latest news and information.

Who are we?
Alliance Claim Funding is a private equity firm, we provide advance lawsuit funding and case pre-settlement funding to plaintiffs, attorneys, and other funding firms who also advance funds to plaintiffs and attorneys.

The team at Alliance Claim Funding has a strong background in private equity and litigation funding so we are skilled at finding the best finance opportunities for our clients.

Who do we help?
We provide lawyers and plaintiffs the funding necessary to pursue and further their cases. Law firms and plaintiffs frequently turn to us for financing to solidify their cases.  Without this funding many attorneys and their clients are forced to settle their cases too soon.

The big banks like JPMorgan Chase, Citibank, Bank of America, TD Bank, and Wells Fargo, typically won’t finance litigation.

An injured or damaged plaintiff often does not have the resources to pursue their case, even when lawyers accept cases on a contingent-fee basis. The very nature of these cases usually affects the plaintiff’s ability to earn a living, pay bills, and borrow more money.  Plaintiff’s often use these funds to prevent foreclosure of their homes, eviction from their apartments, or for medical expenses and living costs so that they can hold out for a higher settlement or verdict.

Our Philosophy
We are dedicated to our customers and fully understand the heavy emotional toll a financial burden can bring to their lives. Our dedication to customer service is what really sets us apart. We believe in “prosperous thinking” knowing that our clients deserve the best service, the best products, and the best solutions to funding. We at Alliance Claim Funding, LLC make prosperity thinking our way of life. Our team of experienced representatives will work with clients and attorneys alike to customize options tailored to each individual’s needs.