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Consumer
Judgments A judgment is a court-ordered
award, usually requiring individuals or other entities to
pay a sum of money. When properly filed and recorded in the
jurisdiction where the defendant has assets, a judgment
becomes a lien against the individual's property.
A judgment results from a lawsuit against an individual,
business, or organization. The judgment states that the
defendant must pay the plaintiff a certain amount of money.
Judgments may range from hundreds of dollars to millions of
dollars.
Even if a large judgment is awarded, the defendant may
have the right to appeal the decision. The cost of the
appellate process can create a financial hardship for
clients and their lawyers. Clients must have enough funds to
pay their lawyers to argue the case during the appeal
process.
Several of our funding sources have responded to this
need. They allow plaintiffs to pre-sell their civil jury
verdicts for immediate cash. The selling option gives the
plaintiff the means to pay for competent appellate counsel
to vigorously defend a judgment on its merits and remove any
financial urgency to accept an unfair settlement offer.
Converting money judgments to immediate cash has benefits
for both the plaintiff attorneys and their clients. It gives
plaintiffs the financial capacity to withstand the appeals
process and creates the potential for obtaining fair and
more realistic settlements. With the ability to
finance a judgment, the plaintiff can obtain the best
appellate representation possible.
What is unique about this type of transaction is that the
purchase is free from the risk of reversal. If the amount of
the judgment is decreased, the finding source assumes the
loss.
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