PLAINTIFF FUNDING
Plaintiff Funding from Covered Bridge Capital is an investment in a lawsuit alongside the plaintiff. We provide the money clients need today to cover immediate expenses; in return for their promise to repay us when their lawsuit is over—assuming they win. The decision to invest in the lawsuit is made by Covered Bridge Capital’s underwriters and not the attorney. If the client loses their lawsuit, the client still gets to keep the money we’ve given. This is the benefit of non-recourse funding.
Covered Bridge Capital’s litigation funding process:
FUNDING STEPS
- Step 1- Contact us by phone, e-mail, or complete our simple online application. We will ask for information to begin our review process.
- Step 2- Within 48 hours of receiving your case information from the attorney’s office, we will inform you of our potential interest to invest in your lawsuit.
- Step 3- If we decide to invest in your lawsuit, we will ask you and your attorney to sign a very short contract. To save time, all transactions can be done via e-sign, email, or fax.
- Step 4- We prepare your case for consideration by our investment committee and underwriters. Our decision to invest in your lawsuit is based primarily on the merits of your case and not other factors like your employment history or credit score.
- Step 5- Once the signed contract is returned to us, we will transfer the money to you immediately by Western Union or bank wire, or the following day by debit card.
- Step 6- If you win your lawsuit, your attorney will pay us out of the proceeds of your victory before paying you the balance. If your case is unsuccessful, you still keep the money we have given you.
IMPORTANT FACTS
- A lawsuit advance is not a loan; but rather an investment by Covered Bridge Capital in your case.
- The funding is structured as a non-recourse transaction, meaning that your obligation to repay Covered Bridge Capital is completely extinguished in the event of a defense verdict.
- The advance is best described as the purchase of a portion of the proceeds that may flow from a case or action.
- Litigation funding is not always right for every client and should be sought only after all other sources of funds have been exhausted.
- Since our investment only pays off if the case succeeds, it is treated as high risk with a commensurate high rate of return.
Many of our clients are not even aware that our service is available until they are involved in a lawsuit. Below are a few commonly asked questions.
Q: Am I eligible to receive funding against my case?
A: If you have been injured as a result of an accident, medical malpractice, or product liability, and are represented by an attorney, you may be eligible for our services.
Q: How long does it take for me to receive funds?
A: After reviewing your file, if you are eligible, we can have your advance in your hands within 24 hours. There are no credit checks or lengthy applications, and you do not have to be currently employed.
Q: Do I have to repay the money if I lose my case?
A: No. There is no recourse against you, and we will not try to collect the money from you. Once we advance cash, it is yours to keep. This is called non-recourse funding.
Q: What are the minimum and maximum amounts you will advance?
A: There is no minimum or maximum amount that will be advanced. This is decided on a case-by-case basis and has largely to do with the amount you request and the nature of your claim.
Q: Will you fund a case before a suit has been filed?
A: Yes, so long as there is sufficient information in the file for us to make a determination as to the approximate value of the case.
Q: Do you get involved in the case?
A: No. We do not interfere with your attorney’s handling of the case. Our only involvement is to initially review your attorney’s file so we can evaluate the claim. We have no influence on you, your attorney, or the defendant.
Q: Can I seek my attorney’s advice regarding your service?
A: Absolutely. In fact, we require you to do so.
Q: What is the first step?
A: Simply fill out the online application or contact us, whichever is more convenient for you.
Conclusion
For over 20 years, Covered Bridge Capital has been singularly focused on meeting the financial needs of plaintiffs involved in personal injury litigation and other related lawsuits. We draw upon the experience of our trusted team of professionals and our simplified application process to connect plaintiffs to the funding they need—easy and hassle-free.
HAVE ADDITIONAL QUESTIONS?
Call or email one of our experienced plaintiff funding experts today 1-800-453-5153 or info@covbridgecap.com