pre-settlement funding in Mississippi include topics of the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents and who the some of the top attorneys in the state
are
Pre-Settlement Funding in Mississippi
Pre-settlement funding is a rapidly growing activity in Mississippi, giving individuals and businesses the means to receive financial compensation prior to a court settlement. This enables the claimant to pursue their case without the worry of financial strain. As Mississippi’s population and economic expansion continues, so too does the necessity for pre-settlement funding.
What Is Pre-Settlement Funding?
Pre-settlement funding is an advance provided to a plaintiff in a case prior to the settlement. A plaintiff typically receives pre-settlement funding when they can normally not access other conventional financing due to their legal case. Pre-settlement funding is used to cover medical bills, lost wages and other costs related to the case. The amount of the advance is typically based on the amount of the expected settlement. It is not a loan and does not have to be paid back if the plaintiff doesn’t win their case.
Benefits of Pre-Settlement Funding in Mississippi
Pre-settlement funding has many benefits for individuals and businesses in Mississippi. First, individuals or businesses can stay financially afloat before their case gets settled, as pre-settlement funding can provide resources for bills and maintenance in the meantime. Second, pre-settlement funding makes it easier for attorneys and plaintiffs to obtain justice. Third, pre-settlement funding helps to expedite the process of getting compensation and justice in the case. Finally, pre-settlement funding can provide a fair and just resolution to the case more quickly.
Comparative Negligence in Mississippi
Comparative negligence is a legal principle that is used in personal injury and auto accident cases in Mississippi. Under comparative negligence, if a plaintiff is found partially responsible for an accident, then the amount awarded to the plaintiff will be reduced in proportion to the degree of fault. This legal principle is applicable in both situations when a case is settled and when a case goes to trial.
Insurance Limits for Personal Injury and Auto Accidents in Mississippi
In Mississippi, the liability insurance limit for personal injury and auto accident cases is $50,000 per person, and $100,000 per accident. If a plaintiff is awarded an amount in excess of the limits, they may file a supplemental lawsuit against the at-fault party. However, it is important to remember that pre-settlement funding is not a loan and does not need to be paid back if the case is not won.
Top Attorneys in Mississippi
There are numerous skilled attorneys throughout Mississippi who specialize in personal injury and auto accident cases. Pat Smart Law Firm is located in Biloxi, Mississippi and specializes in personal injury, auto accidents, and premises liability cases. The team is led by Pat Smart, whose experience includes “over 20 years of successful litigation practice.”
Ledbetter & Associates, PLLC is another top firm based in Jackson, Mississippi. This experienced team of attorneys represents clients in their personal injury and wrongful death cases, in addition to auto, truck and motorcycle accidents. Ledbetter & Associates also offers free initial consultations.
The Richard Schwartz & Associates team offers legal services for those suffering from personal injury and car accident claims, as well as wrongful death cases and premises liability claims. With law offices in both Jackson, Mississippi and Gulfport, Mississippi, Richard Schwartz & Associates is another fierce and dedicated team.
Conclusion
Pre-settlementfunding is becoming a more popular option in Mississippi. By partnering with a top pre-settlement funding provider, you can access the financial compensation you deserve quickly and easily and without the worry of financial strain. With a strong understanding of comparative negligence, insurance limits, and some of Mississippi’s top attorneys, you can make an informed decision regarding the best path forward for your case.
