Increasingly, Liesker Litigation Funding finances proceedings for trustees. Often trustees find pending proceedings in the estate or see good opportunities to initiate proceedings against third parties. Unfortunately, often due to a lack of resources, these opportunities cannot be taken advantage of.
Claims are often the most valuable assets in an insolvent estate, and it is in the interest of creditors to monetize them.
Litigation funding means that the costs of the proceedings are not charged to the estate. When a lawsuit is accepted by Liesker Litigation Funding, the estate litigates entirely risk-free financially.
As compensation, the estate is letting Liesker Litigation Funding participate in the proceeds of the lawsuit. But only when that revenue is there. In the unlikely event that the case is lost, the estate pays us nothing.