Legal-Bay lawsuit funding reopens Diocese of Camden business funding despite bankruptcy

CAMDEN, NJ, February 17, 2022 /PRNewswire/ — Legal-Bay, The Pre Settlement Funding Company, has announced that it is reopening funding for the Diocese of Camden sex abuse bankruptcy case. Legal-Bay sources report that the church has increased its total offer to $90 million, which survivors’ attorneys have dismissed as insufficient. The current supply would be equivalent to a $300,000 average settlement value for the 300 victims in the lawsuit, although exact amounts are based on individual levels of abuse.

South New Jersey the diocese holds nearly $200 million in insurance and more $1 billion asset value of which $250 million in cash would be immediately available.

Chris JanisCEO of Legal-Bay, said, “Legal-Bay has always stood up for complainants in sexual abuse cases nationwide. It was disappointing to see the various organizations of New York at California use bankruptcy to minimize damages to victims. Funding to settle these cases can create barriers, but our team continues to be a leader in doing all we can to help victims when needed. »

If you have been the victim of any type of sexual assault and need an immediate cash advance, please visit Legal-Bay HERE or call toll free at 877.571.0405.

Legal-Bay represents victims of sexual abuse and is well versed in clergy abuse litigation, particularly in situations where Catholic churches have filed for bankruptcy to limit payments. Even in these cases, the Loan Settlement Cash Company was able to provide settlement loans to victims across the country, including NY and NJ. Legal-Bay provides settlement loan financing for all types of cases including personal injury, car accident, medical malpractice, and more.

Legal-Bay’s lawsuit loans have helped many plaintiffs by providing immediate cash before the expected monetary award of a lawsuit. 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 a loan, but rather a cash advance.

To apply now, visit us HERE or call toll free at: 877.571.0405 where the officers are.

Contact: Chris JanisCEO
E-mail: [email protected]
Phone. : 877.571.0405


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