Updated on 8/11/2021
This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Mississippi. Below you will find the following information:
Lawsuit loan alternatives in Mississippi
Lawsuit loans are expensive. Plaintiffs in Mississippi should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas:
- Mississippi’s Supplemental Nutritional Assistance Program (SNAP) – Mississippi’s Supplemental Nutrition Assistance Program (formerly the food stamp program) provides benefits every month to low-income households. This support can help them buy food that supports good nutrition. Benefits depend on income and household size.
- Temporary Assistance for Needy Families (TANF) – this program offers temporary cash assistance to Mississippi residents across the state. Primary eligibility requirements include being a legal MS resident with a dependent child and being below a certain income level.
- Mississippi Low-Income Child Care Initiative – the MLICCI is a statewide non-profit that connects parents in need with programs and assistance in caring for their children. This includes helping single parents with job training and assisting in the application process to receive state aid.
Lawsuit funding laws, regulation and relevant ethics opinions in Mississippi
Mississippi statutory law effectively prohibits lawsuit loans. Case law has upheld this prohibition. Few settlement funding companies operate in the state because of this.
Laws regarding lawsuit loans in Mississippi
Mississippi Code Title 97. Crimes § 97-9-11. Maintenance and certain actions involving legal proceedings unlawful. Mississippi law prohibits lawsuit lending in the state on the basis of champerty and maintenance doctrines.
Source: Mississippi Code Title 97. Crimes § 97-9-11. Maintenance and certain actions involving legal proceedings unlawful
Legal funding case law in Mississippi
In Sneed v. Ford Motor Co. the court decided that valid assignments must avoid champerty. Champerty is prohibited by state law in MS.
Source: Sneed v. Ford Motor Co.
Can a lawyer lend money to a client in Mississippi?
In Mississippi, in order to avoid settling because of financial hardship, a lawyer can reasonably cover medical and living expenses for a client.Repayment for this funding would be contingent on the success of the case.
Source: Mississippi Rules of Professional Conduct 1.8(e)
Lawsuit loan companies serving Mississippi
Recommended lawsuit loan companies funding Mississippi residents
Compare Lawsuit Loans’ recommended funding companies do not operate in Mississippi at this time
Lawsuit loan companies located in Mississippi
Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Mississippi. Local funding companies interested in being included on this page may contact us at [email protected]ans.com
Other pre-settlement lawsuit loan companies serving Mississippi residents
- Oasis Financial
- Glofin Funding
- Nova Legal Funding
- Golden Pear Funding
- Prime Case Funding
- Preferred Capital Funding
- National Lawsuit Funding
- High Rise Financial
- Momentum Funding
- The Legal Funding Group
- Necessity Funding
- Cherokee Funding
- Signal Funding
- Case Cash Funding
- Bridgeway Legal Funding
- Pegasus Legal Capital
- Baker Street Funding
- Baric Enterprises
- Tribeca Capital Group
- Capital Now Funding