Alternate Dispute Resolution: Advantages Of The Federal Judicial System
Q
Alternate Dispute Resolution (ADR) offers all the advantages of the federal judicial system and then some. Along with fixed rules and the possibility of appeal, it allows for speed, confidentiality, cost efficiency, customized resolutions, and enforceability. These make ADR a good arbitration option for a whole range of complex commercial cases like securities, professional malpractice, patent litigation, personal injury litigation and bankruptcy mediation.
Bankruptcy mediation works for both parties
As of February 2015, bankruptcy filings averaged 3,422 daily. More than half - 62% of the total - personal bankruptcies are due to medical expenses. And the largest number of business bankruptcies are declared by small to medium enterprises
Alternate Dispute Resolution (ADR) offers all the advantages of the federal judicial system and then some. Along with fixed rules and the possibility of appeal, it allows for speed, confidentiality, cost efficiency, customized resolutions, and enforceability. These make ADR a good arbitration option for a whole range of complex commercial cases like securities, professional malpractice, patent litigation, personal injury litigation and bankruptcy mediation.
Bankruptcy mediation works for both parties
As of February 2015, bankruptcy filings averaged 3,422 daily. More than half - 62% of the total - personal bankruptcies are due to medical expenses. And the largest number of business bankruptcies are declared by small to medium enterprises