Balanced Bridge Funding Recently Reopened Their Accelerated Award Advance Program for Those with VCF Awards.
Once President Trump signed the “Never Forget the Heroes: James Zadroga, Ray Pfeifer and Luis Alvarez Permanent Authorization of the September 11th Victim Compensation Fund Act,” Balanced Bridge Funding resumed their Accelerated Award Advance Program to help those with with VCF awards receive accelerated access to their funds.
This recently signed law will ensure that survivors of the attacks, as well as first responders who rushed to their aid at the Pentagon, Shanksville, PA, and the area around Ground Zero can receive compensation for their pain, suffering, and years of lost work until 2092.
History of the VCF Fund
While we remember those who were lost during the terrorist attacks on the World Trade Center on September 11th, we honor those who rushed to ground zero to search for missing persons, to offer medical assistance, and to help restore the city to its previous, undamaged form.
It’s time for the country to give back to these heroes. As a result of the toxic dust clouds that rose up from the collapsed buildings, many First Responders and survivors are suffering from deadly diseases such as silicosis, blood cell cancer, multiple myeloma, and respiratory illness.
President Obama signed the James Zadroga September 11th Health and Compensation Act of 2010 (the Zadroga Act) as a way to set aside funds for all who were physically injured or killed as a direct result of the 9/11 attacks or subsequent debris removal.
This act reopened the Victim Compensation Fund (VCF), which held $2.775 billion for the express purpose of compensating First Responders, survivors, and their families.
As that money got depleted, the 2019 extension signed into law ensures that victims can receive compensation for many years to come.
VCF Advances for 9/11 Survivors and First Responders
Balanced Bridge Funding offers claims advances for all individuals who were physically injured as a result of the September 11th terrorist attacks or debris removal. The advances work like this:
- You have filed a claim with the VCF and qualify for compensation under the stipulations of the 2011 Zadroga Act.
- Balanced Bridge purchases a portion of your remaining award amount.
- Balanced Bridge then provides you with an advance based on this portion of your award.
- When the VCF distributes the balance of your award, Balanced Bridge is directly repaid from your attorney’s escrow account.
- Because we only purchased a portion of your award, you are still paid the remainder.
An advance on your Zadroga claim will help you cover any necessary costs while you wait to receive your full payment from the VCF. It can reduce your financial stress so that you can focus on living a full, healthy life.
Our Zadroga Claims Advances are NOT Loans
Although commonly referred to as loans, our Zadroga funding advances are NOT loans! Unlike a loan, our legal funding and specialty finance solutions provide you with advanced access to your own money, so you will not have to worry about making monthly payments to a lender. Also, when the VCF finally distributes your award, we are paid directly from your attorney and won’t have to touch your personal accounts.
And don’t worry about what might happen if for some reason the VCF can’t pay your award — we accept all risk of non-payment, meaning that you will still get to keep the money from your advance.
How to Apply for an Advance:
If you think a Zadroga claims advance could be the right solution for your needs, please call one of our legal finance experts at 267-457-4540. Or to apply online, simply fill out our quick form application.