February 21 2009 -Faster Approvals Brings Litigation Finance and Settlement Funding to Plaintiffs During Economic Recession
SCOTTSDALE, Arizona ( PRWindow ) February 21 ,2009 – FundMySuit.com today announced the unveiling of it’s new 48 hour lawsuit funding approval program to assist individuals currently awaiting settlement of a personal injury, workman’s compensation or corporate litigation legal proceedings.
The new 3 step process enables individuals to have their case evaluated and when approved, to start the funding process within 48 hours of application.
“Our services are sometimes vital for individuals to meet their financial needs during a period of uncertainty and concern, while also providing the ability to "remain patient" while your case consumes the necessary time to obtain its full value,” stated Chuck Cocuzza, CEO of Bridgeview Legal Funding.
“With the credit markets as tight as they are, home values disappearing and the high unemployment numbers www.FundmySuit.com is making it easier for plaintiffs injured by another party to get the cash they need for medical bills, to cover lost wages or simply meet whatever their needs may be rather than waiting for years as the lawyers and insurance companies wrangle it out in the system.”
Fundmysuit.com provides pre-settlement lawsuit funding in the form of non-recourse loans starting at $1,000. There is no maximum amount, provided that a substantial "due diligence" review can be completed on each individual case. (usually above $100,000).
Lawsuits have become a way of life in our capitalistic society. In fact, it is estimated that lawsuits account for over $200 billion spent annually, with this number expected to be closer to $300 billion by 2010.
It is currently estimated that at the start of 2007 there were over 10 million lawsuits considered to be "active" in the system. Each year approximately 3 million new lawsuits are filed. Of course many of the active cases will be adjudicated, but not at the same rate as new lawsuits are filed. In essence, the number of active cases in the system will continue to grow on an annual basis.
Plaintiffs can begin the approval process by filling out a simple contact form at www.fundmysuit.com
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