I'm presently working on funding a case which involves a heavily insured truck which rolled over, smashed a vehicle and the occupant of the car suffered bi-lateral leg amputations. Currently there is an offer to settle in the $6 million range. Client wants it, attorney doesn't ; he thinks it's worth $12 million. So how can I help?
Easy. The plaintiff will agree " to hold out " if he can get a $250,000 advance. That advance will cost him roundabout $37, 500 every 6 months. Let's say the case drags on for another year. The cost of the advance is therefore $75,000. By giving the plaintiff some financial relief, he can now wait and get the $10-12 million value he deserves. Three million plus in his pockets vs. $75,000 cost of money. Good deal? Judge for yourself!
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