Clients’ Protection Fund Petition

Additional Info

Clients’ Protection Fund Petition (Editable PDF file. Please save and open in Adobe Acrobat)

You must sign this document for your petition to be considered by the Clients’ Protection Fund Board. Please sign only in the presence of a Notary Public.

ASSIGNMENT

Upon payment by the Clients’ Protection Fund to the petitioner of all or any portion of this loss, the undersigned does hereby transfer, assign, and set over to the Clients’ Protection Fund of the Virginia State Bar all or a portion of the proceeds of all claims, demands, causes of action, actions and suits against the lawyer or personal representative or others arising out of the acts complained of in the petition equal to the sum of all amounts paid to the undersigned by the Clients’ Protection Fund.  

The right of the Clients’ Protection Fund to receive such proceeds shall be subordinate to the right of the undersigned to collect and receive full reimbursement for the remainder of the undersigned’s loss in cases where only partial payment of the loss has been received from the fund.  In the event the undersigned fails to pursue such claims within a reasonable period of time, the Clients’ Protection Fund is hereby authorized to pursue such claim(s) in the name(s) of the undersigned and to receive reimbursement for the amount paid previously to the undersigned petitioner and the cost of pursuing such claim(s), including reasonable attorneys’ fees prior to paying any of such proceeds to the undersigned.  In the event that the amount paid by the Clients’ Protection Fund to the undersigned petitioner is not payment in full for all losses which the undersigned petitioner has suffered as a result of the dishonest acts of the lawyer for which this assignment is made, then any amounts recovered by the Clients’ Protection Fund which remain in its hands after reimbursement to the Clients’ Protection Fund of the amount paid to the undersigned, together with its costs of collection, shall be paid over to the undersigned.

The undersigned agrees to cooperate without any reservation with the Clients’ Protection Fund in enforcing any claim, demand, cause of action, action or suit against the lawyer, or personal representative, and agrees that all civil actions to be taken against the lawyer, or personal representative hereunder shall be under the full control of the Clients’ Protection Fund, and that the Clients’ Protection Fund may as it in its sole judgment deems advisable, prosecute or fail to prosecute, or abandon any such claim, demand, cause of action, action or suit, without the necessity of any consent or approval of the undersigned.

In Consideration Of The Foregoing, petitioner agrees to cooperate without any reservation in the investigation of this claim and also in any related criminal or disciplinary proceedings against the lawyer(s) in question; and, as a condition precedent to any payment from said fund, petitioner agrees to execute and deliver to the Virginia State Bar such instrument or instruments as may be required.

AFFIDAVIT

You must agree to the terms of the Assignment as stated above. You must swear or affirm that the information provided on this Petition for Reimbursement is true and correct to the best of your information and belief.  

Clients’ Protection Fund Petition (Editable PDF file. Please save and open in Adobe Acrobat)

Updated: Mar 09, 2017