Legal-Bay Lawsuit Settlement Funding Announces Restart Of B.P. Claim Funding

Lawsuit Funding Firm says it remains committed to assisting B.P. Business Claims Owners in 2014

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Feb 03, 2014, 04:00 ET

NEW ORLEANS, Feb. 3, 2014 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that they have re-committed to funding up to US $10MM in B.P. Claim Settlement Funding for fiscal 2014. Legal-Bay had put a hold on B.P. Funding due to the constant questions about the landmark settlement and legal challenges by B.P. However, Legal-Bay believes the past causation issues that British Petroleum Inc. continues to appeal will not result in a complete voiding of the settlement. The company does expect the B.P. Settlement amounts to be highly scrutinized by the B.P. Claim Center and delayed well into 2014 and even 2015.

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Chris Janish, CEO of Legal-Bay commented, "Although the B.P. litigation -- like many disaster type lawsuits -- has been extremely slow moving and frustrating for the plaintiffs, we remain committed to providing a life line to all the business affected by the B.P. Oil Spill. We have begun accepting applications of both lawsuit non-recourse cash advances up to $100K, as well as more traditional lawsuit loans collateralized by the B.P. Claim asset as of today, in amounts up to $500K. We are confident that we will be able assist many business owners in need of cash flow today, prior to receiving their B.P. settlement check." For more information on Legal-Bay's B.P. Claim Settlement Funding Cash Advance program, log on to: http://lawsuitssettlementfunding.com/bp-gulf-lawsuit-settlement-funding.php

Legal-Bay is providing approvals within 48 hours of receiving all case documents needed to evaluate your B.P. Claim and funding in all 5 states affected by the spill: Alabama, Florida, Louisiana, Mississippi, and Texas. Legal-Bay is also assisting law firms and CPA firms with attorney funding or law firm loans that have a case load of B.P. Clients or a B.P. Claim of their own, and need cash flow to continue to operate their practice. Legal-Bay's attorney loans and plaintiff cash advances do not require the same underwriting or credit checks as a bank; your case will solely be approved based on the viability of your B.P. Claim value.

If your business is in need of a business credit line, business lawsuit loan, or B.P. settlement funding, feel free to apply online at: http://lawsuitssettlementfunding.com or by calling Legal-Bay's toll free hotline at 877.571.0405 where live agents are always available to assist you.