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How to fill out the Litigation Plan online
Filling out the Litigation Plan is a critical step in ensuring your request for approval is processed efficiently. This guide will help you navigate each section of the form with clear, step-by-step instructions to assist you in providing all the necessary information.
Follow the steps to complete the Litigation Plan effectively.
- Click the ‘Get Form’ button to access the Litigation Plan and open it in your online editor.
- Begin by filling in the required details about the SBA borrower, including the SBA loan number and the date of the Litigation Plan.
- Provide information about the lender. This includes the lender's name, address, contact person, telephone number, fax number, and email address.
- Enter details concerning the attorney handling the case, including the law firm's name, address, telephone number, fax number, and the amount of malpractice insurance.
- Specify the court action you wish to undertake. Select from options such as foreclosure, personal property replevin, or various bankruptcy chapters, and indicate the court where the action will be filed.
- Outline your strategy for the case, including whether a trial is needed, potential expert witnesses, and if suing individuals will increase litigation costs, provide justification.
- Indicate whether there are any non-SBA guaranteed loans related to the borrower, guarantors, or principals, providing relevant details if applicable.
- Address potential conflicts of interest and provide a statement from the law firm regarding any conflicts.
- Estimate the recovery amount and provide supporting documentation that illustrates the proposed litigation is cost-effective.
- Evaluate the risk of adverse precedent, describing any known issues.
- Determine if alternative dispute resolution is feasible and explore any settlement alternatives.
- Specify the timeline for completing the litigation.
- Detail the legal budget, including estimated legal fees and litigation costs. Identify billing methods and itemize any anticipated costs exceeding $100.
- Once all sections of the Litigation Plan are filled out, promptly submit the completed document and any required attachments to the U.S. Small Business Administration at the provided address or email.
Start filling out your Litigation Plan online to ensure a smooth approval process.
A litigation strategy should be developed with the goal of maximizing the chance for a favorable outcome in court. The goal of the litigation process is to win, however “winning” might be defined by your client.
Fill Litigation Plan
▫ Circulate and gain consensus on the litigation plan so developed. ▫ Prepare a budget for the matter that reflects the litigation plan and takes into. It fashions a specific case strategy, allows the right pace to be set for the case, and initiates the system processes designed to lead to success in the case. A Litigation Management Template designed for in-house counsel to efficiently track a company's legal disputes through various litigation stages. In a litigation matter, the practitioner should develop a clear, long-range strategy for pursuing or defending the client's interest. The SOP highlights the importance of litigation plans as a tool for determining the costeffectiveness of a lender action. A thoughtful litigation budget provides numerous benefits: Financial awareness: Understanding the potential costs of your case up front.
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