The Bairs Foundation is a 501(c)(3) nonprofit organization that helps people suffering as a result of a catastrophic accident. We provide financial assistance to families that need help paying for basic living expenses during the course of litigation.
The for-profit, non-recourse industry is unregulated, and it has been the source of inquiry by the Attorney General of New York for predatory lending. As seen with many participants in the litigation finance industry, their business models and guarantees to investors make the cost of capital exorbitant for plaintiffs.
However, access to capital for families in emergencies or in dire circumstances (even at very costly rates) is still better than letting go of their sole asset – their lawsuit. Funding families in need during the course of litigation is critical to the civil justice system, because families rarely can afford long protracted litigation.