B.P. Claim Settlement Funding Picks Up At Legal-Bay, As Business Owners Await Appeal Ruling

- Lawsuit Funding Firm says that business clients and law firms in need of capital are continued to be delayed as B.P. appeals the landmark settlement and continues to appeal large claims over $50K.

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Legal-Bay

Sep 16, 2013, 05:00 ET

NEW ORLEANS, Sept. 16, 2013 /PRNewswire/ -- Legal-Bay LLC, The Lawsuit Settlement Funding Company, announced today that their applications for B.P. Business Claim Funding and B.P. settlement funding for business credit lines has picked up briskly in September. Legal-Bay says many clients and law firms are feeling a cash flow crunch since they expected their settlement checks to be paid by now. However, B.P. continues to appeal the actual settlement to the 5^th circuit court in Louisiana; and the company is even appealing B.P. claims that have been approved when the amount is over $50K.

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B.P.'s appeal to the 5^th circuit court was expected to be announced in just a few weeks, but it has now been 5 weeks since oral arguments were made; and many industry experts are curious why it is taking so long. B.P. remains confident that they could have the settlement restructured, and have even sent letters to law firms warning their clients that they could request the funds to be returned in the event the B.P. economic settlement is altered.

"The whole B.P. litigation has come to a grinding halt on all facets. Our business clients and law firms in need of B.P. attorney loans simply can't wait any longer, as there is no end in sight, and they need cash today to support their operations. We remain committed to funding these businesses that have bona fide B.P. Claims as collateral," said Chris Janish, CEO of Legal-Bay. Legal-Bay has set up a B.P. Funding website to help business owners learn more about their B.P. Settlement Funding at: http://www.lawsuitssettlementfunding.com/bp-gulf-lawsuit-settlement-funding.php.

Legal-Bay's B.P. Claim funding program is unlike a bank: it does not require credit checks, upfront fees, or monthly fees like a credit card. Approvals only take 48 hours from the time all requested documents are received for evaluation.

To apply for B.P. Claim Funding or a B.P. Business Line of Credit for your CPA business or Law Firm, feel free to apply at: http://www.lawsuitssettlementfunding.com or by calling Legal-Bay's toll free hotline at: 877.571.0405 where live agents can answer any of your questions.