MECHANICS OF THE LOAN Since a lawsuit itself is essentially the collateral to secure the finance company’s advances, the lending company will obtain information from the personal injury attorney concerning the case. They will follow these steps to offer the monies: Evaluation. The pre-settlement lending company evaluates the case and determines the likelihood of success. If the company is satisfied that there is a strong likelihood of a favorable settlement or verdict, then a cash advance will be approved. Agreement. The pre-settlement lending company will expect the plaintiff and the plaintiff’s attorney to sign an agreement. The agreement will require [...]

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Tags: new jersey elder law, new jersey elder law attorney, new jersey estate planning, new jersey estate planning attorney, new jersey estate planning lawyer, New Jersey Special Needs attorney, New Jersey Special Needs Lawyer, New Jersey Special Needs planning, new jersey veterans law, nj elder, nj estate planning, nj estate planning attorney
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There is an ever-growing cottage industry of investors ready, willing and able to make the equivalent of a loan to an individual who is the plaintiff in a personal injury case. These transactions, also known as pre-settlement lending, are a growing trend for those in need. In order to avoid usury statutes, these transactions are characterized not as loans but as non-recourse cash advances. If the plaintiff loses the lawsuit, then no repayment is due. If the plaintiff receives less than the outstanding balance of the loan, then only the amount that the plaintiff receives need be repaid. Because of [...]

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Tags: new jersey elder law, new jersey elder law attorney, new jersey estate planning, new jersey estate planning attorney, new jersey estate planning lawyer, New Jersey Special Needs attorney, New Jersey Special Needs Lawyer, New Jersey Special Needs planning, new jersey veterans law, nj elder, nj estate planning, nj estate planning attorney
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Moorestown, N.J. – All three partners at the Begley Law Group were named 2011 Super Lawyers. Attorney Thomas D. Begley, Jr. and Dana E. Bookbinder are Super Lawyers for Elder Law and Thomas D. Begley, III is a Super Lawyer in Estate and Trust Litigation. The 2011 New Jersey Super Lawyers award is bestowed on lawyers who have extensive professional achievements, high ethical standards, and are admired by their peers. The process to be selected involves strict peer nominations, evaluations, and third party research. In all, about only five percent of lawyers are selected. All three of the Begley Law [...]

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Tags: New Jersey, Super Lawyer
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