Updated on 6/9/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans in Alaska. Below you will find the following information:
Lawsuit funding laws, regulation and relevant ethics opinions in Alaska
In Alaska, neither statutory law nor common law address lawsuit lending agreements directly. Champerty and maintenance are public policy doctrines in Alaska. It is possible that these could apply to litigation funding contracts in Alaska. Most funding companies provide loans to Alaska residents.
Can a lawyer lend money to a client in Alaska?
The Alaska Bar Association prohibits lawyers from guaranteeing loans to clients. Though typically referred to as a lawsuit loan, pre-settlement funding is actually different from a true loan because repayment is contingent on the success of the case.
Source: Alaska Rules of Professional Conduct Rule 1.8(e)
Lawsuit loan companies serving Alaska
Recommended lawsuit loan companies funding Alaska residents
US Claims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from US Claims. to see for yourself.
Thrivest Link Legal Funding offers fair terms with a fast, efficient funding process. Many companies claim to offer same-day or 24-hour lawsuit loans but Thrivest Link Legal Funding often actually makes it happen.
Lawsuit loan companies located in Alaska
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Alaska. Local funding companies interested in being included on this page may contact us at [email protected]