Everyone can encounter a situation where it is necessary to enforce a claim against a third party in a time-consuming trial.
If you do not want to abandon your claims and demands in these cases, you will need professional legal and judicial assistance. Depending on the value in litigation, you have to advance a large amount of money and possibly finance a costly expert’s report.
And yet, it is uncertain that you will win the legal dispute in court. In the event that you are defeated in the judicial proceedings, you lose all entitlements for demands and you have to pay both your own litigation costs and those of your opponent. But even if you win, you could go away empty-handed. Your opponent could suffer from a deterioration of his or her assets. As primary debtor, you then would be liable for your court and lawyer fees.
If you cannot raise this amount of money yourself, your defense insurance does not want to cover the costs and legal aid is out of the question, you have to waive your claims, even though they are justified.
total cost risk
ACIVO Prozessfinanzierungs AG
phone: +49 (0) 3641 311 374 4
fax: +49 (0) 3641 87 311 374 5