CEDAR GROVE, NJ, Aug 18, 2020 / PRNewswire / – Legal-Bay LLC, the Lawsuit Settlement Funding Company, has announced its commitment to provide pre-settlement funding for victims of sexual abuse even as many defendants such as the Boy Scouts of America and the Catholic archdioceses across the country are filing for bankruptcy or fighting statute of limitations.
Although Legal-Bay offers court loans based on the early settlement of the plaintiff at the end of the trial, the amount of financial compensation awarded by the courts will depend on the type of claim made: the extent of the abuse, the type of abuse allegedly suffered, and the length of time the abuse lasted. The age of the victim will also be a factor, as will the physical or psychological harm a victim has suffered.
Chris Janish, CEO, commented: “Unfortunately, the many litigation across the country involving cases of sexual abuse have become very large and confusing for the victims. Our underwriting team works hard to stay on top of each evolving litigation as best as possible, so that we can do our best to help any victims who are in desperate need of funding. Between Covid-19 and now many recent bankruptcy filings, we see tens of thousands of victims waiting several years to finally get financial justification. ”
Applications for pre-settlement funding, also known as lawsuit loans or settlement loans, are now being made for a variety of sexual abuse cases. If you would like to know more about financing lawsuits, you can visit Legal-Bay HERE or read on for updates to some headlining cases.
Like Harvey Weinstein and Bill Cosby case, we were struck by yet another celebrity sex scandal: The Epstein Victims Compensation Fund Program was created by that of Jeffrey Epstein inheritance for the benefit of survivors who were sexually assaulted by the deceased multimillionaire and his long-time partner, Ghislaine Maxwell. Eligible persons include all victims and survivors of Epstein’s sexual abuse “regardless of where they were injured, when they were injured, whether the claim is time-barred by the applicable statute of limitations, and whether they have ever brought a claim. legal action against or settled with Epstein and / or the estate. “
It is estimated that Epstein may have abused hundreds of women since the 1990s, some underage. The Palm Beach Post notes that some victims have felt safer bringing up allegations of abuse since Epstein’s death. And now they will have a chance to be compensated without any sort of cap on the amount they can receive, as each claim will be considered individually. Survivors can apply even if a statute of limitations prevented them from doing so in the past.
If you or a loved one is in need of an immediate cash advance pre-settlement loan, please visit the company’s website. HERE or feel free to call Legal-Bay on its toll-free hotline at: 877.571.0405, where live agents are available to take an application for legal funding.
The Boy Scouts of America filed for bankruptcy earlier this year as legal claims for past sexual abuse continue to mount. The Chapter 11 motion was filed in Delaware amid numerous new lawsuits for sexual abuse. Several states including California, new York, and New Jersey recently extended their statute of limitations allowing victims to bring an action when they were not previously eligible to do so. California, for example, opens a three-year ‘look back window’ that relaxes age restrictions for filing applications, giving applicants up to the age of 40, or up to five years after becoming aware of abuse.
Boy Scouts of America officials won’t say how many abuse lawsuits have been filed or how many millions they have already paid into the settlements. Some experts estimate the number of active lawsuits to be in the hundreds, which does not take into account the many lawsuits that have been settled out of court for undisclosed amounts.
The BSA bankruptcy filing lists the assets of $ 1 billion at 10 billion dollars and the debts of $ 500 million at $ 1 billion. Some insurance companies that represent the organization have refused to cover compensation in cases of sexual abuse, saying BSA executives could have done more to prevent the abuse from occurring in the first place.
Bankruptcy will most likely end pending lawsuits while settlements are being negotiated.
Legal-Bay is currently funding settlement loans in these cases. Please visit the company website HERE for more information on how Legal-Bay can help you with a settlement loan during this difficult time.
The Archdiocese of New York paid more $ 40 million in compensation to 189 victims of clergy sexual abuse this year alone. The Diocese of Rochester alone has over 90 cases submitted through the New York Child Victims Act, and has since filed for bankruptcy. The average claim comes to a little more $ 211,000 per complainant. The payments are the result of the Independent Reconciliation and Compensation Program, which was put in place to respond to multiple charges against the Diocese of New York.
Governor Cuomo helped pass legislation to extend filing deadlines for survivors of sexual abuse in the state of new York (A.8401-C / S.8977). The new legislation, also called The Sexual Assault Bill of Rights, provides survivors with information about their care and treatment, offers them free health care services and allows them to receive updates regarding DNA test results, evidence kits and the status of their case. Notifying victims of their legal rights will help ensure that survivors receive the information they need to navigate complex medical and criminal justice systems. The law came into effect last summer and allows victims of sexual abuse to file complaints up to the age of 28 and civil cases up to 55.
For more information on fundraising programs and a full list of Legal-Bay fund cases, including Boy Scouts of America, clergy sexual abuse, or any other sex crime cases, please visit the company’s website. HERE.
Legal-Bay has been a leader in providing pre-settlement money for many of these cases, although most companies have ceased legal funding due to the bankruptcy of the defendants. Recently, prescription issues in places like California, New Jersey, new York, and Pennsylvania have been extended. This created a whole new wave of filings, but also made negotiations and getting fair settlements more difficult.
The Legal-Bay Settlement Fund is an advocate for victims involved in sexual abuse cases and is committed to helping victims obtain loans for legal action. Any pre-settlement loan received is risk-free since lawsuit loans only need to be repaid if the claimant wins their case.
SOURCE Legal-Bay, LLC