Litigation Funding Orders
A Litigation Funding Order is a type of Order that can be made to level the playing field in relation to the parties’ financial ability to fund legal costs of Family Law Court proceedings.
To correct the imbalance, the financially-weaker party is entitled to claim a lump sum from the financially-stronger spouse to go towards their legal fees. This payment can be $10,000 or $500,000, depending on the size of the property pool and the likely legal fees.
We can help you to make this claim and to get access to funds that you’re entitled to so that you can properly argue your case.
Legal Fee Loans
Where you need money for legal fees, it may be quicker and more cost-effective to make an Application for a legal fee loan. This is a loan for your Family Law legal fees so that you have money to properly pursue your case. The loan can also be used for living expenses and the purchase of assets, such as a car.
The financier usually does not require any repayment until your Property Division is finalised and they take repayment of the loan from your share of the property pool, such as from the proceeds of the sale of property.
It is quite easy to qualify for a litigation funding loan. Usually, the financier requires a clear understanding of the property pool and they will ask us to complete an outline of what we think, as your Family Lawyers, you are entitled to. On this basis, the financier will usually lend up to 1/4 to 1/3 of your overall entitlement to the property pool.