Legal-Bay Pre-Settlement Funding Report Updates for Evicted Tenants

No. 1 lawsuit finance company ready to meet the needs of clients facing eviction now that protection moratoriums have expired

NEW YORK, August 29, 2022 /PRNewswire/ — Legal-Bay LLC, The Presettlement Funding Company, today announced that it is fast-tracking funding application approvals for New York City tenants threatened with eviction. Moratoria were put in place during Covid, but those protections expired on January 15. Since then, more than 5,000 eviction warrants have been issued by New York courts, of which 1,500 have already been executed. The numbers are only expected to increase in the coming months. The forced displacement has led many tenants to file complaints against their landlords.

Legal-Bay’s settlement loan programs offer plaintiffs involved in an ongoing lawsuit a way to get money quickly and well before their case goes to trial.

Chris JanisCEO of Legal-Bay, said: “Months after the New York one the moratoriums have expired, we are now witnessing the expected fallout. Unfortunately, the number of new applications for eviction proceedings has been in line with our underwriters’ forecasts. Legal-Bay has prepared for this eventuality, which is why we have renewed our commitment to fund our clients so they can get on with their lives as quickly as possible.”

If you are a plaintiff involved in an active eviction lawsuit and need an immediate cash advance against an impending lawsuit settlement, please visit Legal-Bay HERE or call toll free at 877.571.0405.

Legal-Bay is a leader in settlement loan services and has some of the lowest rates and fastest approvals in the industry. Applicants who need money now can apply for loan settlement funding. Legal-Bay funds all types of lawsuit loans including slips and falls, construction site accidents, car or truck accidents, MTA or subway lawsuits and all personal injury cases bodily.

Legal-Bay’s pre-settlement financing programs are designed to provide immediate cash in advance of the plaintiff’s anticipated monetary compensation. Non-recourse lawsuit loans, sometimes called lawsuit loans or settlement loans, are risk-free because the money does not need to be repaid if the recipient loses the lawsuit. Therefore, lawsuit loans are not really loans, but rather a cash advance.

To apply now, go to the company’s website HERE or call toll free at: 877.571.0405 where the officers are.


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