Third Party Litigation Funding
In Canada there are companies that provide “litigation financial services” for personal injury, class actions and many other types of claim. These “Plaintiff’s Loans” are generally up to 10% – 20% of the value of the claim. No payments of principal or interest are required until the settlement or judgment is paid. If the amount recovered is insufficient to repay the loan, some lenders hold the borrower liable for the balance. Other lenders make non-recourse loans in Canada.
The loans made by these Canadian companies are frequently to personal injury plaintiffs and in the region of $10,000 – $20,000.
In . . . [more]


