CRESSKILL, N.J., June 7, 2016 /PRNewswire/ -- The spending bill passed by Congress and signed into law by President Barack Obama in late 2015 contained provisions for the Victims of State Sponsored Terrorism Fund. As stated in the bill, compensation isn't slated to start until 2017. RD Legal Funding, LLC ("RD Legal") is offering eligible recipients a way to gain quicker access on their compensation.
"We are providing an advance to them on their expected compensation," says Roni Dersovitz, Founder of RD Legal. "Our previous experience working on terrorist related judgments provided us with the insight and capacity to help these affected communities."
Since the bill has passed, things are starting to pick up concerning the fund, and how the claims process will work. Kenneth R. Feinberg has been appointed Special Master of the Victims of State Sponsored Terrorism Fund. His many appointments to previous compensation funds like the BP Oil Spill, September 11th Victim Compensation Fund, and many others have given him the proper qualifications to administer the fund. In addition, the Treasury Department is set to appropriate over $1 billion to the fund in 2017. The Victims of State Sponsored Terrorism Fund is expected to stay active until January 2026. In the past, RD Legal has helped communities impacted by terrorism, specifically the 9/11 First Responders and families from the 1983 Beirut Barrack Bombings. The fund provides the possibility for families who have suffered from terrorist attacks to claim compensation.
RD Legal is able to offer advances to eligible claimants and plaintiffs' attorneys who have awards and fees tied to the Victims of State Sponsored Terrorism Fund. Through their Terrorist Judgment Funding Program, they are offering an expedited opportunity to recipients to claim what they are owed.
"Through our Terrorist Judgment Funding Program, we are going to help claimants avoid government bureaucracy and red tape and get what they need from their delayed compensation," says Dersovitz.
Eligible recipients looking for an advance on their award from the Victims of State Sponsored Terrorism Fund can contact RD Legal. Plaintiffs' attorneys that may want an advance on their fees tied to the compensation fund should also contact RD Legal. To find out more information about the program, please contact RD Legal at 800-565-5177 and speak to one of their legal funding representatives. To fill out an application, visit www.legalfunding.com.
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SOURCE RD Legal Funding