Attorney Funding; Don't Expect a Rate Less Than 2% Per Month.

For those of you attorneys who are seeking funding on a settled case which for one reason or another will not be paid within the 21 day period prescribed by CPLR Sec. 5003(a), you should be cognizant of three guiding funding principles;
1. If you have judgments against you, liens,IRS issues or very poor credit, most likely funding will be difficult to obtain;
2. Customarily rates will be 2%/month of the amount advanced or sometimes higher, and
3. Funders will normally advance up to about 50% of your net expected fee plus expenses.
Contact me if the need arises and I can walk you through the process.