B.P. Claim Settlement Funding News: Legal-Bay to increase funding amounts to $1MM on Economic Claims

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Mar 28, 2013, 03:00 ET

NEW ORLEANS, March 28, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they have increased their funding amounts up to $1MM on B.P. Business owners waiting for their claim check.

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Legal-Bay has been an industry leader in B.P. lawsuit funding, however their increased commitment to funding single cases up to $1MM with minimal due diligence sets them apart from the rest of the legal funding industry. Legal-Bay is also able to consider larger funding amounts, however the evaluation period is substantially longer on B.P. claim funding worth more than $1MM.

Chris Janish, CEO of Legal-Bay, commented on the company's increased pre-settlement cash advance amounts, "We are beginning to see a large increase in applications on B.P. Economic Claim Funding, and now that B.P. is attempting to delay the settlement process by filing motions that seem devoid of legal merits, we believe the high end business community is going to need access to even more capital at their fingertips. We stand committed to allow our clients to not only get the funding they need, but to receive the maximum pre-settlement values available on B.P. Claims in the lawsuit funding market."

Legal-Bay's typical cash advance settlement funding program is not a lawsuit loan, as the advance only needs to be paid back if the case is won. However, Legal-Bay does offer lawsuit loans for some settled cases as well as traditional banking lines of credit for large commercial B.P. business clients.

Client who can no longer wait for their settlement capital to be received and would like to inquire about Legal-Bay's various pre and post settlement funding programs can apply online at: lawsuitssettlementfunding.com or by calling toll free at 877.571.0405 where funding agents are always available to answer any of your B.P. claim funding questions.