Are you facing a personal injury lawsuit in the state of Mississippi?
Being engaged in a legal fight for a protracted amount of time can not only eat into your time but your finances as well. Attending court over a number of weeks, and sometimes even years, can leave you unable to work and, therefore, keep up payments on bills, mortgages or rent, and other living expenses.
With Nova Legal Funding, you can receive instant financial aid within 24 hours of your application, allowing you to get on with your day-to-day life. These lawsuits can be inherently complicated, and personal injury cases in Mississippi can sometimes prevent a claimant from receiving payment for their injuries as a result of stalling methods from insurance companies.
Many people with a pending personal injury lawsuit in Mississippi require financial assistance until their case settles, and lawsuit loans help to cover these expenses. Nova Legal Funding can provide this on a no win no fee basis, meaning that if you lose your case, you owe us nothing.
You can apply for a loan from us at any time during your case, whenever you need it, giving you and your legal team the time you need to obtain the compensation you deserve.
Laws and Regulations of Lawsuit Funding in Mississippi
Important Mississippi Legal Information
|Avg. Funding per case from Nova Legal Funding||$16,592 Nova can fund anywhere from $500 up to $2,500,000 depending on case value.|
|Fault Laws||Pure Comparative Fault Plaintiff’s right to damages may be reduced by his own liability, but he will not be barred from recovering. M.C.A. § 11-7-15.|
|Statute of Limitations||3 years Title 15, Ch. 1, Sec. 15-1-49|
|Minimum policy limits for bodily injury & property damage||$25,000 bodily injury liability per person $50,000 bodily injury liability per accident $25,000 property damage liability per accident|
|Minimum UIM auto insurance limits||Liability: 25/50/25|
|Workers compensation eligibility||Eligible|
Workers’ compensation cases are eligible for lawsuit funding in Mississippi, which means that anyone who is engaged in this type of case is entitled to a pre-settlement loan to help cover their expenses during litigation.
While we are able to provide additional funding for any cases for which an applicant has sought financial aid elsewhere, you must inform Nova Legal Funding as part of your loan application with us. This is so that we can arrange for the repayment of the lien which will have been filed around the previous loan.
Mississippi Personal Injury Law: How Does it Affect Legal Funding?
Mississippi law gives claimants three years to go to civil court to file a personal injury suit against the responsible party. The state’s courts are generally inflexible beyond this, with many states offering a much shorter statute of limitations immediately after an injury has been incurred. However, if the case is filed against the Mississippi government itself, these limitations are reduced to just 90 days.
Mississippi abides by the pure comparative negligence doctrine. This means that responsibility for an accident in a personal injury suit is determined by the courts, and the amount of compensation owed depends on the at-fault party’s percentage of responsibility. If the plaintiff is found responsible for any part of an accident, the percentage of their responsibility will be correspondingly deducted from any compensation they receive.
Unlike most other states, Mississippi law sets no maximum cap on the monetary amount of damages a claimant can receive. This applies to both economic compensation and the non-economic damages which cover the emotional and psychological fallout from an accident.
Any individual filing a personal injury suit is automatically eligible for pre-settlement loans from Nova Legal Funding, as long as the incident took place within state lines. Contact us for more information about how we can provide no-win-no-fee financial support for your case today.
Notable Personal Injury Lawyers in Mississippi
There are plenty of experienced personal injury lawyers working in Mississippi who would be delighted to take on your case:
Francis Turner III
PO Box 15128, Hattiesburg, MS 39404-5128
1701 24th Avenue, Gulfport, MS 39501
Assma A. Ali
120 N. Congress St., Suite 200, Jackson, MS 39201
Joseph Anthony Denson
1004 20th Avenue, Meridian, MS 39301
Christopher Collins Van Cleave
146 Porter Ave, Biloxi, MS 39530
Scherrie L Prince
229 Katherine Drive, Flowood, MS 39232
Car Accident and Fatality Statistics in Mississippi
With a population of nearly 3 million, the traffic fatalities in Mississippi seem relatively low, with 614 fatal crashes causing 690 deaths in 2017. However, these are proportionally the highest figures in the United States, having done so with just three exceptions in the last two decades. According to Mississippi Today, the state also leads the nation in the number of child fatalities in vehicle collisions, with 3.23 children per 100,000.
Below are examples of traffic accident cases eligible for Mississippi pre-settlement loans at Nova Legal Funding.
- Pedestrian accident
- Car accident settlement funding
- Tractor trailer accident (truck accident)
- Bus accident
- Bicycle accident
- Motorcycle accident
At Nova Legal Funding, we have the skills and experience to take charge of all lawsuit funding in Mississippi. Get in touch with our team today for a free case evaluation, and for more information about the benefits of a Mississippi lawsuit loan.
Mississippi Lawsuit Funding FAQs
How do I know if I qualify for lawsuit funding in Mississippi?
Any personal injuries caused by another person or entity are eligible for lawsuit funding. As a general rule, if your accident occurred within Mississippi and you sustained significant injuries, you automatically qualify for a free and quick application.
Is it a lawsuit loan or cash advance?
Although often referred to as a lawsuit loan, the funding is actually an advance against your eventual lawsuit settlement. Importantly, the cash is considered non-recourse. This means that if you lose your case, there is no requirement to pay back the money. We only collect if you win your case or obtain a settlement.
Does it matter how I spend the lawsuit funding?
Lawsuit funding is available to help those who need financial support during an ongoing personal lawsuit injury. However, there is no restriction on how you spend your lawsuit cash advance. Some of our plaintiffs in Mississippi used their money to pay off debts, cover their mortgage or rent payments, afford medical bills, or simply to help with daily living expenses.
Apply For Lawsuit Funding in Mississippi Now
At Nova Legal Funding, we have the skills and experience to take charge of all lawsuit funding in Mississippi. Our funding specialists are on hand 24/7 to serve personal injury plaintiffs. Get in touch with our team today for a free case evaluation, and for more information about the benefits of a Mississippi lawsuit loan.
Call us toll-free at (213) 340-5082 to speak with a friendly funding specialist today.