DRB Financial Solutions, through its operating companies DRB Capital, USClaims, Echelon Medical Group, CRG Financial and Producer Advance creates liquidity solutions for individuals and small/medium sized businesses.
Many people receiving annuitized payments will, over the years, have a need for liquidity that the annuity payment cannot meet. It is at these times that DRB Capital steps in and re-structures the cash flows to more closely match the needs and desires of the annuitant. This can be accomplished in as little as three days. With over 10,000 people turning 65 years old every day, the liquidity needs of annuity recipients are ever-increasing.
“Structured settlement” is a term that refers to the resolution of a personal injury claim with a series of installment payments funded by an annuity. As often happens, planned payments do not match the current needs of the annuitant. Structured settlement payments may only be transferred pursuant to a qualified order issued by a state court judge after a “best interests” hearing. The judge reviews the transaction, ensures its compliance with the law and confirms whether it is in the best interest of the seller, taking into consideration the welfare and support needs of his/her dependents. In addition to Federal law, 48 states have explicit statutes in place providing consumer safeguards, including very thorough disclosures, the ability to rescind the agreement and the right to obtain independent professional advice. It is a unique process that DRB Capital has great experience in managing effectively and efficiently.
PERSONAL INJURY LITIGATION FUNDING
USClaims (www.usclaims.com) is a litigation finance company, based in Moorestown, New Jersey, which DRB acquired in July 2014. USClaims provides funding to attorneys on large, complex cases where the attorney of record may not have the requisite financial resources available to prepare the case for trial properly. This is particularly likely in mass torts and complex, catastrophic injury cases. Working with high-quality, experienced counsel, DRB provides liquidity solutions to the plaintiffs’ bar.
US Claims has 20 years of experience in the business and has provided over $300 million in litigation advances to litigants. It is actively expanding its origination capacity now that it is a part of the DRB family.
MEDICAL LIEN MANAGEMENT & LIQUIDITY
Echelon Medical Capital (www.echelongroup.net) with its Mediliens Advance™ and Mediliens Turbo™ products offer innovative and superior liquidity solutions for the medical industry including doctors, hospitals, and surgery centers.
BANKRUPTCY TRADE CLAIM FUNDING AND DISTRESSED DEBT TRADING
DRB’s CRG Financial(www.crgfinancial.com) utilizes its proprietary analytics and industry expertise to purchase bankruptcy trade claims, as well as, public and private distressed debt.
INSURANCE COMMISSION FUNDING
DRB’s Producer Advance division (www.produceradvance.com) provides funding to insurance producers for their renewal commissions. Launched in September 2016, Producer Advance is quickly gaining market share and has exclusive relationships with several IMO’s and insurance producers groups.