Brian Ofsie discusses divorce lawsuit funding
This article by Brian Ofsie, from Delancey Street, discusses how individuals facing divorce proceeds can get divorce case funding. This is a form of lawsuit funding that is geared towards couples in divorce proceedings. Often in divorce, the finances are one-sided with one party controlling all, or most, of the assets. With divorce funding, the scales are balanced.
Divorce Funding Works
Many people don’t know that you can get divorce cash advances in the event you’re in the midst of a divorce. There’s plenty of reasons for you to consider divorce funding. For example, there may be delays to litigation processes, such as investigation and discovery of assets. In other instances, you simply may not have the enough finances to properly litigate your case – due to your spouse controlling all of the assets. In some cases, it’s common for divorce cases to be settled – but for there to be unforeseen delays due to the sale of property or business assets.
According to Brian Ofsie, companies like Delancey Street can provide up to 20% of the estimated value of the marital estate without looking at your creditworthiness, current employment status, or ability to repay. Moreover, this is done on a contingency fee basis – which means unless you win your case and get actual funds, you don’t have to repay this.
According to Brian Ofsie, you can level the playing field with divorce lawsuit funding
Divorce lawsuit funding is a specialized type of funding product which is designed to help individuals involved in divorce proceedings. With divorce lawsuit funding, you can get compensation for legal fees, and reasonable living expenses. According to Brian Ofsie, companies like Delancey Street can fund you a portion of your expected settlement, which enables you to hire the attorneys and experts you need. Unlike banks or other financial companies, Delancey Street assesses your eligibility based on your expected final settlement from your divorce proceedings. Additionally, you aren’t required to demonstrate your ability to make payments – or make monthly payments. Divorce is extremely stressful, and the legal process can be time consuming and frustrating. It’s an expensive process. If there’s a financial disparity between a couple, it can put the non-earning spouse at a disadvantage in the divorce process. According to Brian Ofsie, Delancey Street looks at not only your current earnings and assets, but also the assets you are likely to receive after the divorce has concluded. This is an alternative to other forms of financing such as personal loans. The average divorce costs anywhere from $10,000 to $50,000. It’s expensive because of attorney fees, court costs, mediator fees, real estate fees, financial planner fees, and more. Bottom line, there’s a lot of fees.
There’s a lot of hidden divorce costs which you need to prepare for. The total costs can quickly blossom and expand. In addition to getting divorce lawsuit funding it’s possible to get a personal loan in order to help finance a divorce. Personal loans are essentially divorce loans that you personally guarantee. You’ll need to have good financial history, and a good job, in order to be eligible for a personal loan. This is on contrast to lawsuit funding – where the only thing that matters is the future assets you’ll receive.