What happens if a case with an associated BridgePoint Disbursement Loan is unsuccessful?
Unlike Plaintiff Loans where our security is limited to recoveries from a particular file, our Law Firm Loans are guaranteed obligations of a law firm borrower regardless of the outcome any individual file securing it. If an underlying case is resolved with an insufficient recovery to repay an associated loan, the law firm is still required to satisfy the loan obligation.
Related Questions
- Provisional Statements Q: What happens as far as provisional statements are concerned (ie what we currently call provisional licences)? What is the associated fee?
- What happens if a case with an associated BridgePoint Disbursement Loan is unsuccessful?
- What happens to a parent PLUS loan if the student dies during or after disbursement?
