Litigation Funding and the Rest of the World

third-party funding court roomLitigation funding, or third-party funding as it is also known, is by far the most popular and effective method of acquiring financial support for an impending court case.

This method is widely used across the whole of England, Wales, the US and Australia.

But as its positive reputation grows worldwide, how are other countries implementing it?

Litigation funding in other parts of the world is still a growing trend, especially compared to its use and success in England and Wales.

The thing to remember is that other countries have varied attitudes and laws, including their opinions and methods towards maintenance and champerty. The laws regarding those two factors can make litigation funding illegal, but what do they mean?

Maintenance

This is when a third party, whether it is a business or individual, provides financial support to another party, in which they have had no previous dealings with.

Champerty

If a third party provides financial assistance to a claimant, and gains a financial reward, this is classed as champerty.

Litigation funding developments by nation

South Africa

Litigation funding was made legal in 2004, as the ban on ‘no win, no fee’ financial deals was lifted.

When this was implemented, South African courts no longer felt that maintenance and champerty were viable rules.

Hong Kong

Litigation funding is still an on-going process in Hong Kong, as a reform is currently being considered.

This follows on from the conviction of Winnie Lo in 2009. The local solicitor was charged with conspiracy to maintain (receive funding), but the conviction was subsequently overturned in 2012.

Germany

Where litigation funding is concerned, Germany laws and attitudes are very similar to those in the UK.

There are no maintenance or champerty laws in place, which has led to a booming industry.

This method of funding has also been heavily used in cartel damages cases.

Well that’s just a few of the global attitudes towards litigation funding, and as you can see, it is a truly invaluable method that is being implemented throughout the world.

Photo by: cormac70

How To Sell on Craigslist and Do It Successfully

how to sell on craigslist

Have you ever wondered how to sell on Craigslist but did not know where to turn to get started?  Well you have stumbled to the right place to learn how to make a quick buck by selling on Craigslist.  We will also teach you how not to get screwed by selling on Craigslist.  If you are not familiar with Craigslist please go take a look, it is the largest and most popular classifieds in the world.  If you own a small business or have unwanted items in the garage then you have come to the right place to learn how to sell on Craigslist.

Tips on How To Sell on Craigslist Successfully

Make sure that you have a catchy phrase or heading to grab the attention of the reader.  It has been shown that a catchy phrase or heading attracts readers and will generate clicks.  Which is what you are looking for to showcase your product or service.

Attach graphics if you want to make a successful sale on Craigslist.  Let’s face it if you are purchasing a snow blower on Craigslist you want to be able to see what it looks like rather than wasting time to  contact every seller to ask for the condition of the machine.  A photo will help sell on Craigslist, because as they say a picture is worth a thousand words.  You can see for yourself the condition of the snow blower.

Keep your ad short, well composed and precise.  This is the key on how to sell on Craigslist successfully, nobody wants to waste their time reading long posts when they are looking for a snow blower.  They want to know what make and model are, how old it is, and if there are any problems with it.  They do not want to know that I really like the machine and any other irrelevant information I may provide.

Make sure in your post that you specify how the product will be delivered.  If you are selling a large product they may likely need to come to your residence to view the product.  If you are selling tickets or something you can meet in a public location to ensure your safety.

These are the tips that I have found on how to sell on Craigslist successfully and I have been employing them for several years.  Sometimes I am an impulse buyer and Craigslist has helped me with these impulses as many times I have sold what I bought shortly thereafter.  Last year I purchased a snow blower on there and sold it a week later for a 50 dollar profit.  I just wanted to try a different brand to see if it was better than the one that I had.

One of the best benefits to selling on Craigslist is that it is free to list your classified, and you can reword it and re post it as many times as you want until the product is sold.

In the end you have a product or service that someone need, and the beauty of the internet you have the largest store in the world at your finger tips.  Sign on to Google and do a quick search for the item we are selling and we can get an approximate ball park for what the item should cost.

I hope you have the same success that I have had with my guide on How To Sell on Craigslist, and if you need any questions please drop me a line.

Photo by: acloudman

Sponsored Video – Christmas Is Inching Closer: Buy Gifts For Children

As a Jeep owner I am happy to share this video. This post is sponsored by Jeep.

It has been a busy week with work as working in finance it is month end and the financial situation like so many other businesses around is not doing good.

Seeing first hand the money that the organization is bleeding does not give me that warm and fuzzy feeling, but it also makes me look inward to tidy up my own finances to make sure that I have my money in order.

So here is what my wife and I have done since mid October.  We have paid off about $2500 in credit card debt.  While it does feel good we are no where near where we need to be.  We upped our 401k Contribution percentages to 10% each.  Was this the correct financial decision?  Probably not considering we are only being matched up to 4% but we want to bulk up our 401ks and then with our tax return next year put it towards paying down more debt.  Remember back wayyy back about Dear debt I am going to defeat you.

Well that didn’t happen as planned my wife and I were burnt out and needed a vacation.  We have steadily been paying down our debt but really took it to heart this Christmas season.

In addition to being vigilant with our debt reduction practices we have adopted 3 children to purchase Christmas gifts for.  This is one of the best ways that I know to give back for being so fortunate.  The organization that we are working with is Kids Oneida.  If you would like to donate there is a link on their site, or see if you have it in yourself to do something in the community around where you live.  Until next week be safe and have a happy weekend.

 

3 Steps to Eliminate Procrastination I Actually Learned In School

Almost all of us wish we were more productive, well the biggest secret to productivity I have found is time management! If we could eliminate procrastination and manage our time efficiently what we accomplish can be amazing. In this article I share the 3 simple time management steps I learned while I was getting my business degree.

time-management

Procrastination is the enemy of time management and counterproductive to achieving goals. However, with a little insight, planning, goal setting and action procrastination can be a thing of the past.

 

Step #1 – Make A List

The first step in time management is making a list of all the things that take up our time. This has become a popular concept by the now famous Getting Things Done system. Be sure to include pleasure activities on your list such as television and Internet here! For your average day, calculate exactly how much time is spent sleeping, exercising, working, attending classes and studying. Since working and sleeping are mandatory and will no doubt consume sixteen hours per day of our time, we are left with 8 hours at the end of each day to accomplish goals. As a student, attending classes, completing projects and studying for exams should be first on the priority list. Now, it is up to you to set goals to achieve everything that will be required of you, the successful student.

 

Step #2 – Set Goals

Next, you will need to set some goals; goals should be split into three parts. These three parts are:

  1. short term goals
  2. medium term goals
  3. long-term goals

It is also important while you are writing out your goals to identify the action steps required to be able to achieve each of those goals.

As an MBA student, my short term goals were focused around “what needs to be accomplished in order to be successful come mid-term exam time”. Here, you will want to calculate what sort of effort it will take on your part to be prepared for each week and month leading up to these tests.

A good time frame for setting medium term goals is the end of the semester. Here, you will need to figure out and plan for earning a good class grade for the end of the semester. It is never too early to put together a plan for finishing final projects, papers and studying for final exams. The earlier a plan is thought out and implemented, the better!

The long-term goals while I was getting a business degree were focused around improving my potential career opportunities. These long term goals were identifying what career I wanted to have not just when I graduated but also 5 years after graduation. I believed setting myself up while in school would help with finding a job long after I graduated.

 

Step #3 – Take Action

This is the most important step. You have now identified how you spend your time, what goals are important to you and how to achieve them its time to take action.

There is little that can be said about step 3 it is simply stating that it is time for you to start hustling and achieving your goals.

“Things may come to those who wait, but only the things left by those who hustle.” ~ Abraham Lincoln

“The successful person has the habit of doing the things failures don’t like to do.” ~ Thomas Edison

light-bulb-ideas

Time management is simple, however, it is not always easy. But, with proper planning and a willingness to sacrifice some free time, your goals will be achieved!

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Photo By: bogenfreund

Five for Friday: But I have Been Working Hard and Didn’t Read Any Edition

Well there have been a lot of things going on the website the past few weeks.  My to-do list keeps growing and growing of things that I need to update.  Being a novice at this web design stuff this is taking alooooot longer than I usually anticipate. weekly finance report

I have been burning the midnight oil these past few days trying to get all these enhancements/improvements off the ground.  I am excited as I am a few weeks away from launching another website designed by the same guy that did all this logo and design work on this site.

Here is a quick hitlist of what I have been doing:  This weeks Weekly Finance Report –  Five for Friday is what I’ve done :-)

-Created a new facebook page

-Installed a few plugins to clean up some things

-Started editing old posts for SEO purposes

-Signed up for Aweber

-Created a very long list of wants and things to do!

I hope you have a great weekend.  It is starting to get very cold here in NY. My wife and my oldest daughter are going to the Nutcracker this weekend so it is just my youngest daughter and I hanging out.  So if you see very little change you will know why.

Stay warm!

Any hot plans for the weekend?

 Photo by: slworking2