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Category Archives: litigation loans

Mediation is an amazing opportunity to settle your Ottawa personal injury action – Ottawa Ontario accident and personal injury lawyer discusses the effective use of mediation to resolve personal injury claims. One of the most important steps in the litigation process is mediation. As a mandatory court connected means of resolving some or all of the issues in a court action, mediation has proved extremely successful in resolving accident, insurance and injury claims. For lawyers, mediation is a very good opportunity to present their excellent advocacy skills and to effectively present an injured client’s case by making submissions in the opening statement of the mediation and resolving the issues through the use of their skills throughout the mediation process. However, in order to be effective as an advocate …

Litigation Loans in personal injury matters – Ottawa accident and injury lawyer discusses the pros and cons of obtaining litigation loans in accident and injury proceedings

Over the last 10 – 15 years or so, many companies have commenced offering litigation loans to individuals who are involved in litigation, specifically in personal injury litigation. In essence, these companies will lend money to injured parties to pay for such things as ongoing medical treatment, rehabilitation, living expenses and disbursements. On the one hand, the main benefit of a litigation loan is that the injured person obtains funding to assist him while they go through the litigation process. On the other hand, there is a very high interest rate charged on the litigation loan advanced. Litigation loans can be and are often very expensive. For instance, the interest charge on litigation loans are often similar to or higher than rates charged by banks on credit cards …