It is a very little known secret that if you are involved in a Qui Tam lawsuit and having fiscal problems, than you may qualify for a non-recourse lawsuit advance better known as Lawsuit Loan or Lawsuit Funding.
Qui Tam Lawsuit Funding – A Little Known Secret!
Most of Qui Tam litigation plaintiffs and even some lawyers do not know that a plaintiff involved in a lawsuit can use the potential lawsuit settlement as collateral to get a non-recourse lawsuit loan or lawsuit funding.
What is Qui Tam Litigation?
It is an abbreviated version of the Latin phrase - Qui Tam pro domino rege quam pro si ipso in hac parte sequitur, - which simply means - Who sues on behalf of the King, as well as for Himself.
How Qui Tam Lawsuit Works?
Qui Tam cases are lawsuits filed on behalf of the government by private citizens for false claims or fraud. In Qui Tam litigation a private individual citizen (the whistleblower) who knows of fraud committed against the government may, through his own privately retained attorneys, file a law suit to recover the losses caused by the government fraud.
When the Qui Tam law was enacted?
Qui Tam laws have existed for hundreds of years, with basic roots in England in the middle ages. In our country, United States the Continental Congress in the early days of government enacted a number of qui tam provisions. Qui tam is a statute under the False Claims Act (31 U. S. C. § 3729 et seq. ), which allows for a private individual, or whistleblower with knowledge of past or present fraud on the federal government to bring suit on behalf of the government.
The Qui Tam law was revitalized by Congress in 1986, with a significant expansion of the scope of the law.
Benjamin Franklin has been quoted as saying: There is no kind of dishonesty into which otherwise good people more easily and frequently fall than that of defrauding the government.
President Abraham Lincoln, himself a lawyer in private practice before becoming president, was responsible for enactment of the 1863 False Claims Act, which was necessary to protect the government from the fraudulent suppliers of faulty war equipment during the Civil War.
Popular Areas for Qui Tam Litigation:
In the 1980s, most Qui Tam cases involved defrauding the defense industry. But today most of these litigations are the fraud involving Medicare, Medicaid, employment law, environmental law, defense contracting, and health care fraud and billing practices.
Qui Tam cases generally take years to settle or litigate. Most of the times the plaintiffs get into financial problems. Today, millions of Americans are having difficulty paying their debts. Most of those in financial distress are middle income families with jobs who want to pay off what they owe.
But, if you are a plaintiff involved in a Qui Tam case. You have a risk-free solution.
What is the Solution?
Good news is that there is an affordable solution. If you have potentially winnable Qui Tam case, than you can qualify for a lawsuit advance or lawsuit funding. But only very few lawsuit funding companies provide lawsuit loans for pending Qui Tam cases. Because these lawsuits are very complex and are mostly of high potential value. These require a thorough and turn key underwriting system in place. But a reputed lawsuit funding can provide you a lawsuit loan on your pending Qui Tam lawsuit settlement.
Benefits and Advantages of Lawsuit Loan – Lawsuit Funding:
Lawsuit loan or lawsuit funding helps you to manage your financial problems regardless of your credit and employment status. To obtain a lawsuit loan or lawsuit funding you do not need to have a good credit score and any employment. The process associated with lawsuit loan is extremely straightforward. Best part of lawsuit loan or lawsuit funding is that it is non-recourse. That means you pay it back only if you win or settle your lawsuit.
Pearl of Wisdom
A lawsuit loan or lawsuit funding in a timely manner can help you take care of your mortgage or rent payments, car payments, utility bills and regular monthly bills. Qui Tam lawsuit loan or lawsuit advance will not only help you to save your house, car and your credit score but it will also give you and your family, peace of mind.
About the Author: Paul Sherman, The Lawsuit Money Man, is a Legal Funding Consultant at Easy Lawsuit Funding. Visit our website http://www.easylawsuitfunding.com to get additional useful knowledge and information about lawsuit funding and make an educated decision to apply for your lawsuit loan or lawsuit advance today!