Legal Finance Case Summary — Plenti® Legal Finance

Before you get started
Before starting this form, please ensure you have a balance sheet of assets, liabilities and super ready to upload (Excel or Word format is greatly preferred)

We also encourage you and your client to seek market appraisals for properties in the pool, especially where the properties have significant mortgages.
Privileged communications
Your client has authorised you to correspond with Plenti to aid in their application for a loan to help them pay legal fees. The information you provide in this application is subject to Legal Professional Privilege as it is for the dominant purpose of enabling your client to be provided with legal advice, and/or be provided with professional legal services in relation to proceedings or anticipated proceedings in which the client is a party. The sharing of information with Plenti for the above purpose is not a waiver of privilege. We do not seek from you prospects for success or privileged advice. We lend to the issues in dispute, not to a favourable outcome. All information shared is confidential, and will not be disclosed to any third party without the prior written consent of the client. All information submitted is transferred and stored securely in accordance with our privacy policy.

You can download a word doc version of this form if you prefer.

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Your details
Name*
First Last
Phone number*
Email*
Client details
Client's name*
First Last
Loan amount for legal fees (i.e. your estimate of legal fees needed to resolve this matter)*
Please enter a number from 25000 to 400000.
Note: If your client has applied for an amount that you do not think will be sufficient to cover all legal fees to the likely end of the matter, then please discuss with them before proceeding. Given the uncertainties inherent in family law matters, we recommend the client applies for a realistic but high-end estimate of the fees needed to see the matter to completion. We do not advise relying on a loan increase later in the matter - we cannot guarantee that a loan increase will be approved, and it can impact a borrower's credit score if multiple loans are applied for. Once you have discussed with your client (if necessary) please input your figure for legal fees into the form and we will seek consent from the borrower for this amount if it is different to the amount they applied for.
Date on which your firm began acting in this matter*
What is the total amount of fees that the client has already paid to you?*
Does the client currently have any legal fees that are outstanding or are yet to be paid?*
Please provide the amount, and do you want this paid out of the loan amount sought above?
To the best of your knowledge, will the loan amount (less existing fees above, if relevant) be sufficient to cover future fees and outlays to see the matter to completion?*
Please provide additional details as to why this amount is insufficient and what your plans are to see the matter to completion.

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The matter
Type of matter? (e.g. parenting, property, child support, spousal maintenance, etc.)*
Note: A Plenti loan can only be applied towards matters which have a property settlement component.
At what stage is the matter?*
Have legal proceedings commenced?*
What is the anticipated time frame for the next Court Event, and Final Hearing?*
When do you believe the settlement will occur?*
Relationship details
Date on which your client's relationship commenced*
Date of marriage (if married)*
Date of separation*
Are there children of the relationship?*
Please input the full names and ages of each child
Does either party have children from a previous relationship?*
Please input the full names and ages of each child from a previous relationship
Please briefly outline the current living arrangements for the children
What orders are being sought in relation to the children by both parties?

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Asset pool
Note: please do not send us advice you have provided the client, or advice provided to you from Counsel.
What is the net asset pool (including superannuation) according to your client?*
What is the net asset pool (including superannuation) according to the other party?
Does the matter require further disclosure, expert witnesses, or valuations to make a proper assessment of the pool?*
Contributions
What assets and liabilities (with approximate values) did both parties bring in to the relationship?*
What financial and non-financial contributions under s79(4) / s90SM(4) Family Law Act 1975 (Cth) did both parties make during their relationship to the current asset pool?*
Were any inheritances, gifts or loans from family or friends, financial windfalls or insurance payments been received during the relationship by either party?*
Please provide additional details about any inheritances, gifts or loans from family or friends, financial windfalls or insurance payments received during the relationship by either party.

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Future needs factors
Please provide details of any factors under s75(2) / s90SF(3) of the Act which are relevant and likely to cause an adjustment to either party.*
Both Sides' Position
What is your client seeking regarding the division of the net pool? Please express in terms of percentage range, or what is being sought.*
What is the argument the other side is making in relation to the division of the net pool?*
In practical terms, how do you foresee settlement taking place - who receives what?*
Has either party submitted an offer of settlement; whether formal, informal, Calderbank, at Conciliation Conference, or in accordance with Rule 10.06 of the Family Law Rules?*
Please provide additional details about any offers of settlement
Is there any other piece of information you think relevant that we ought know?
Loan suitability
How do you expect your client will be able to repay their loan? (e.g. from a cash payment received at settlement, or from the sale of property?)*
Note: in order to comply with responsible lending obligations under the National Consumer Credit Protection Act 2009 (Cth) we may need further information should your client be in any of the following scenarios (as these could possibly be irresponsible loans under the NCCPA):
- Discharging the Plenti loan by obtaining another loan;
- Seeking to refinance their mortgage over their principle place of residence, or any other property, and using it to repay their loan;
- The property settlement is likely to be made up of assets and little to no cash, and the client does not wish to sell any of those assets.

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Security
Is your client a registered owner (on the title) of a property in the asset pool?*
As part of our loan contract with the client, we are granted a charge over the client’s interest in their property, and we’ll register security over that interest. We will lodge either a caveat or a mortgage and will release that security prior to settlement once we have confirmation and particulars as to how the loan will be discharged.
Has your client made any financial contribution/s to any real property in the pool that gives rise to an equitable interest under an implied, resulting or constructive trust?
Please provide details of the property, and the financial contributions, which create the equitable interest.
Disclosure
*
I hereby confirm that all the information contained in this Application is correct to the best of my knowledge and belief. I am not aware of any material omissions
Full name*
First Last
Date*

DD
MM
YYYY

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Key documents
Attach client's balance sheet (or table of assets and liabilities). Excel spreadsheet or word document format is much preferred.*
Client's mortgage statement (if available)
Other documents
Drop files here or
If you have more documents to submit than what is provided for here, please email them to legalfinance@plenti.com.au

Note: please do not send us any advice you have provided the client, or copies of advice or opinions provided to you from Counsel.
Phone
This field is for validation purposes and should be left unchanged.

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Lawyer Case Summary

Step 1 of 7

Before you get started

Privileged communications

Your details

Client details

The matter

Relationship details

Asset pool

Contributions

Future needs factors

Both Sides' Position

Loan suitability

Security

Disclosure

Key documents

Questions? Email us or call us 02 7202 2427