When a case has settled but the money is delayed and has not yet been distributed, attorneys, plaintiffs, and law firms may consider post-settlement funding to access capital sooner. One of the easiest ways to help keep the process moving is to have the right documentation ready. Providing complete and accurate records gives a funding company the information it needs to review the settlement, determine the available funding amount, and move toward a decision.
Begin With Proof That the Case Has Settled
The settlement agreement is one of the most important documents in a post-settlement funding application. A fully executed agreement or release helps establish that the case has been resolved and identifies the amount involved. Depending on the circumstances, a settlement order, disbursement authorization, or other documentation confirming the settlement may also be requested.
Having final versions of these documents available can reduce unnecessary back-and-forth during the review.
Have Fee Agreements and Award Information Ready
For attorneys and law firms seeking an advance against their contingency fees, documentation showing how the legal fee is calculated is important. This may include a retainer agreement, contingency fee agreement, or fee-splitting agreement when multiple attorneys are involved.
For plaintiffs, documentation establishing the expected settlement award and the amount ultimately payable to them can help demonstrate what funds will be available after applicable deductions.
Gather Details About Liens and Other Deductions
Liens and other obligations can affect the amount available for distribution. Medical liens, government claims, subrogation interests, case expenses, or other deductions may need to be documented as part of the review.
Providing current lien statements or information about outstanding obligations can help the funder understand the expected net proceeds instead of relying on the gross settlement amount alone.
Include Case Information That Fills in the Gaps
A concise case summary can also make the review more efficient. Information such as the parties involved, court and case number, relevant claims, and current procedural status can help provide context around the settlement and anticipated payment timeline.
For certain cases, additional court orders or approvals may be relevant, particularly when the settlement involves class actions, minors, or structured arrangements.
Verify Your Identity and Payment Details
Funding cannot be completed without knowing who is receiving the advance and where the funds should be sent. Attorneys and firms may need to provide business or professional identification and banking information. Plaintiffs may likewise need to provide appropriate identification and settlement documentation.
Balanced Bridge Funding states that requirements vary by transaction, so applicants should be prepared to provide documentation specific to their circumstances.
Get Your Post-Settlement Funding Started
Having the necessary paperwork organized can make the application process more efficient and help avoid delays caused by missing information. Balanced Bridge Funding works with attorneys, plaintiffs, and law firms seeking advances on qualifying settled cases.
If you are a plaintiff waiting for settlement proceeds or an attorney waiting on delayed, settled contingency fees and want to explore your funding options, contact Balanced Bridge Funding today. Our team can review your situation, explain the documentation needed, and help you determine whether post-settlement funding may be appropriate for your case. Speak to a post settlement funding expert today — email info@balancedbridge.com or call 267-457-4540.
