there is an attorney from another state asking me to borrow money to fund a project. the project is he will advertise for fishermen who need help to process cases for BP oil spill. I feel like most cases are already taken by other attorney and this happens a long time ago. Should i trust him and lend him money. He said that people entitle to process claim under a class action and addition compensation and there is state claim. I'm confused. Please advise. Is there a market or anything left for him to make money as an attorney at this time?
State/Country relating to question: Texas
Do you know the lawyer?
a little, know he is an attorney but i don't want to risk my loan if he is not able to get client in the texas (around the county qualified for BP oil); i just wonder if there is any crust left in the market for him at this point
It is highly suspect and his terms not reasonable. You risk default and lost receivable. Best to refuse this offer. If inclined you should et a lien and Ucc on his assets so you have recourse if he defaults. Best option though is to refuse.
Licensed attorney helping individuals and businesses
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