on الثلاثاء، 4 مارس 2014
Structured Settlement Purchase
Why would a company want to purchase a structured settlement
from a person receiving regular installments in compensation for a
personal injury? The answer is clear: the company is guaranteed a
steady, safe cash flow that is generally not taxable in return for a
lump sum of money of about half the value of the full-term settlement.
When companies buy a structured settlement they are always getting the
better end of the deal, no matter how appealing the quick cash may seem
to the seller. These companies are generally not out to make life better
for injured persons, but instead are seeking to profit from those
persons' pressing financial needs or eagerness to be free from what may
seem to many like an allowance. This is why persons wishing to sell
settlements need to be very, very careful about who they sell those
settlements to.
First of all, exactly what are structured
settlements and how do such arrangements work? When a person wins a
lawsuit based on worker's compensation, personal injury, or medical
malpractice, often the court will rule that compensation be paid in
installments, either in small, regular amounts or a few lump sums over
the years. Often, these payment plans will cease upon the death of the
payee, whether or not there are dependents involved. Before accepting a
compromise, injured persons need to work closely with lawyers to ensure
that the settlement is going to benefit them to the fullest possible
extent in order to prevent future financial distress and the loss of
well-deserved compensation. This careful planning will prevent the
undesirable necessity of finding a company to purchase a structured
settlement from its possessor when he finds that waiting for a monthly
check isn't a tolerable system.
If, however, a person has
already settled a legal case and finds that the periodic payment plan is
not working for him or decides that larger amounts of money are needed
immediately in order to purchase medical equipment, a customized vehicle
or home to accommodate injuries, or similar items, or does not expect
to live long enough to benefit from long-term compensation, may want to
consult various companies that offer to buy a structured settlement.
Such companies will allow him to sign over annuities in exchange for
immediately accessible cash. Persons considering this option should know
that while their annuities are not subject to taxation, the lump sum
received from a third party may very well be, causing them to lose even
more well-deserved money. This is a decision that requires long, hard
thought and should not be entered in to hastily or lightly, as its
consequences can be disappointing at best and catastrophic at worst. If a
person is confident in his investing and money-handling skills, he
might be able to pull off the sale of his annuities aptly, but this is
not always the case.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
In general, this option is a very bad investment decision, as it is possible to lose up to half of one's settlement money in the process. Plus, persons on a periodic payment are often unable to work and need the regular installments to meet their daily needs; if these payments cease and the person is unable to support himself by working due to injuries, his financial need will be much greater than before a company agreed to purchase a structured settlement from him. A Biblical proverb sums up this situation very well: "The simple inherit folly, but the prudent are crowned with knowledge" (Proverbs 14:18). This is a financial decision that could end in folly, especially if rushed into without sufficient forethought and good legal advice.
If a person is absolutely sure that finding a company to buy a structured settlement from him is the most viable option, there are a few ways to ensure that the owner receives the very best deal. First, he should compare quotes at different settlement companies to see which is going to give him the highest payoff with the fewest risks; many online companies allow customers to get a free quote over the Internet. Next, he should be sure that the chosen company has a good reputation for paying its customers in-full and on time and that it is well-funded, licensed, and insured so that it doesn't go bankrupt and leave him with nothing. After selecting a trustworthy company, the person should consult a lawyer to ensure that proceedings are in his favor and that the sum received in return for annuities is reasonable and fair; he may choose to sell the entire settlement or only a part of it--the latter, of course, is the best choice. By following these steps, selling one's settlement may be a safe, prudent, and beneficial option for a person in financial distress.
It is important to know that selling one's annuities is not always a possibility. About one-third of states have laws that do not allow businesses to purchase a structured settlement, and some insurance companies are not willing to transfer annuities to another entity. In this case, a person will have to find another solution for their financial needs besides selling. Persons who are unsure whether their state of residence restricts such sales should consult a lawyer for advice. For the other two-thirds of the country, however, finding a company to buy a structured settlement is a feasible, if not advisable, option--a last resort for the financially stressed, sure to offer immediately accessible funds in a very short time frame.
Structured Settlements
You
see them everywhere. Their commercials are on the television. Their
ads are in print. Their banners show up online every now and again.
They are the companies that buy
structured settlements. Over the past few years, their presence has
skyrocketed to the point where they nearly feel unavoidable. And with
each passing year, there seems to be even more of their kind hitting the
market. But why?
Structured Settlement Basics
In order to fully answer why there are
so many companies that buy structured settlements out there, you should
first have a grasp of what exactly is a structured settlement.
A structured settlement
is a court-based financial arrangement where a person receives a fixed
series of payments over a designated period of time. It is designed to
provide a person a steady stream of money over time instead of a lump
sum of cash all at once.
However, there is enough wiggle room
within a structured settlement that enables a person to sell it to
companies that buy structured settlements in exchange for a lump sum.
This transaction is governed by various court regulations such as the
Structured Settlement Protection Act which state that the transaction
cannot be completed if the person intends on using the lump sum for
frivolous means.
Very Popular
Even with the stringent legal rules in
place, the notion of selling a structured settlement to a secondary
buyer has become increasingly popular for two major reasons:
- Economic downturn – Even though the country has been showing signs of coming out of economic struggles, the financial woes of the past few years – high unemployment, underemployment, and the housing bubble burst come to mind – continue to manifest today.
- Lump sum usage – Despite the use restrictions, there are still plenty of solid uses for a lump sum structured settlement payment to be utilized. A person can use it to pay off an overwhelming amount of credit card or student loan debt, to take care of unexpected funeral costs that might have cropped up, or to pay off unpaid medical bills that spring up in the wake of an unexpected emergency.
In essence, the proliferation of these
companies can be explained by the laws of supply and demand. As more
people had gotten in financial dire straits, the need to sell structured
settlements as a means to obtaining an out became more prevalent. And
studies show that the industry is still rock solid even as the economy
recovers, as it currently enjoys a billion dollar status.
With all that said, the question
remains: Is contacting one of these companies that buy structured
settlements the right call for you, should you have a structured
settlement and are in a financial bind? Truth be told, there is no
right or wrong answer to this inquiry. It truly depends on a host of
different factors that vary from individual to individual. Your best
bet to see if it the proper procedure for you is to contact a financial
expert or advisor.
structured settlement
If you find that you are thinking to yourself, “I should sell my structured settlement for cash”, you should know that the process usually takes two to three months. Though, in some cases, Strategic Capital has completed a purchase in as little as 18 days! So, while the process involves a number of steps, there are ways to speed it up. With Strategic Capital most of the steps are done for you, but some of the work can be done by nobody except for you .
Most of the steps in the process are common to any person who has
wondered about how to “sell my structured settlement for cash”, no matter how much your payments are or where you live. Of course, your Strategic Capital expert can give
you the details that are specific to you, but the graphic below shows
you the general process that you will go through in selling your
settlement. The graphic is followed by a list that provides just a bit
more detail without the visuals :
- The first step after you wonder “can I sell my structured settlement for cash” is when you contact some factoring companies and get a competitive quote. Be sure to choose a company that is reputable and that you feel comfortable with. You should compare quotes from multiple companies and make an informed decision of who to work with.
- Once you contact Strategic Capital, one of our structured settlement experts will contact you. They will ask you some questions to better understand your needs and to get all of the details of your settlement. It is important that you are honest and forthcoming as this information is used to provide your specific quote and begin filling out any legal paperwork that is needed should you decide to sell.
- You will then receive an official quote from the company which should detail all fees and the net lump sum payment to you should you sell. Ensure that you understand the quote and ask any questions that you have. Ensure that you compare the net lump sum price, AFTER all fees, between any competing quotes that you get.
- The company will then send you copies of all disclosures and contracts to sign and send back. Want to know, “what can I do to sell my structured settlement for cash faster?” The more quickly you return signed paperwork, the faster you will get your money.
- The factoring company’s lawyer will begin filing documents on your behalf. These will be legal documents filed with the court; they will be the same documents that you reviewed and signed. The lawyer will contact you if any additional information or signatures are needed.
- A hearing will be scheduled with your local court. The factoring company’s representative will inform you of the date and tell you how to prepare for your hearing. They can also tell you what to expect at your court hearing.
- The judge will then approve and sign your sale order; in rare situations your sale may be denied at this stage, but this rarely happens with Strategic Capital..
- The approved sale order will be sent to the insurance company that pays your annuity and their acknowledgement will be requested.
- Soon after you will receive your funds from the company who is buying your payments and the company will start to receive your payments instead of you.
"cash structured settlement "
The World Global Settlement Funds
(AB note: The World Global Settlement Funds, referenced on this page, should not be confused with the SG World Trust. The World Global Settlement Funds have in excess of $47 trillion to
disburse to 140 nations across the globe. This due and lawful
disbursement has been blocked by the Washington DC private corporation for more than three decades. The SG World Trust is much bigger, and older, than The World Global Settlement Funds .)
On this page, we deal with The World Global Settlement Funds (WGSF) at the top here. Lower down the page, we offer some background comments about the related Iraqi Dinar Revaluation story. Another closely related and urgent issue, Global Debt Forgiveness, is addressed on a separate page . And some geopolitical background to the recent securance of the codes for the Global Collateral Accounts is outlined here(12.09.11).
On the morning of Tuesday 9th August 2011, a SWIFTnoticed transfer of World Global Settlement payouts from Brussels to the US was intentionally stopped by the Obama White House. This unlawful interference led to Pasadena-based attorney, Al Clifton Hodges, writing a letter of information and protest to Manuel Sager, the Swiss Ambassador to the US. Switzerland is a World Court Lien Holder nation. There is currently a $47 trillion Lien in operation against the US Treasury and the US Federal Reserve Board
Clifton Hodges is counsel for Michael C. Cottrell. Cottrell is in charge of the $10 trillion-plus US Dollar Refunding Project and is a WGSF Basel list payee. The USDRP, like the (official) Iraqi Dinar Revaluation Project, is part of the World Global Settlements refinancing programme.
The full text of Al Clifton Hodges' Swiss letter of the 9th August 2011 can be read here. It was copied to Michael Cottrell, Lindell H. Bonney Snr ($14 trillion WGSF Authorized Signatory and Paymaster), Christine Lagarde (IMF), Chinese President Hu Jintao (Lien Holder), Queen Elizabeth II of England (Lien Holder), French President Nicolas Sarkozy, and theWashington DC private corporation president, Barack Obama. On the second page of his letter, Clifton Hodges refers to duly authorised Interpol agents currently present and active in the US on WGSF-related business.
On the evening of Thursday 28th July 2011, Barack Obama, the President of the United States, informed the World Court at The Hague that as long as he was President, he would not sign off on the World Global Settlement Funds. More background (28.07.11).
Obama's
refusal to lawfully execute his responsibilities in this specific
followed upon the wide circulation of a letter dated 7th July 2011, from
Lindell Bonney to Dana Wilcox .
The financial data set out in this letter showed that the US income
taxes expected to be paid to the US Treasury from just four of the World
Global Settlement Fund-related recipient-paymasters would amount to a
sum in excess of $11 trillion. This would be sufficient to pay off most
of the US national deficit and would pump-prime the US Dollar Refunding
Program.
.
As intriguing football matchups go, Sunday’s Super Bowl has nothing on one looming down the turnpike in federal court in Philadelphia — with Judge Anita B. Brody the ultimate referee.
Brody, considering the N.F.L.'s recent settlement with 4,500 retirees over work-related brain injuries, has asked both sides to demonstrate that their $765 million bargain will fulfill its promise to compensate every currently retired player who has or will develop a neurological condition such as dementia or Parkinson’s disease.
Brody, considering the N.F.L.'s recent settlement with 4,500 retirees over work-related brain injuries, has asked both sides to demonstrate that their $765 million bargain will fulfill its promise to compensate every currently retired player who has or will develop a neurological condition such as dementia or Parkinson’s disease.
Lawyers for the plaintiffs and the N.F.L. said independent actuaries and medical experts had endorsed the terms of the settlement. But the lawyers refuse to share any of their data with the public to help substantiate how they arrived at the $765 million figure, and there is growing displeasure among plaintiffs who have not been allowed to see the data, either.
Numbers can speak for themselves, though, and they bring a clear warning: The $765 million could run out faster than either side apparently believes. When one forecasts how many of the roughly 13,500 currently retired players may develop these conditions over the next 65 years, compensating them as the settlement directs could very well require close to $1 billion, and perhaps more.
No one can divine how many players will develop these conditions. But the best data available comes straight from the N.F.L., and it becomes instructive after some basic guidelines.
LawLeaf a leading online pre settlement funding service provides legal cash advancements throughout the United States. Plaintiffs in Arlington, TX, Minneapolis, MN & Miami, FL all accepted pre settlement advancements today. Two of the clients accepted personal injury funding, one for a premises liability slip & fall and another for a motor vehicle accident. The third client secured a structured settlement advance. Each day, LawLeaf processes countless amounts of applications from plaintiffs located throughout the United States. If you are currently searching for a company that offers pre settlement funding begin by applying online with LawLeaf today.
LawLeaf's service has become one of the leading venues in securing pre settlement funding and structured settlement purchases on the Internet. LawLeaf works with a network funding institutions that are work directly with our clients, attorneys and our company. If you are currently searching for a company that offers pre settlement lawsuit funding services throughout the United States and provides personalized services to each client, begin by visiting LawLeaf today.
*LawLeaf provides pre settlement funding, commercial litigation financing, structured settlement payouts (full & partial) and attorney funding. Our lenders all provide non recourse funding meaning if you lose your case you don't have to repay the lawsuit loan.
LawLeaf's service has become one of the leading venues in securing pre settlement funding and structured settlement purchases on the Internet. LawLeaf works with a network funding institutions that are work directly with our clients, attorneys and our company. If you are currently searching for a company that offers pre settlement lawsuit funding services throughout the United States and provides personalized services to each client, begin by visiting LawLeaf today.
*LawLeaf provides pre settlement funding, commercial litigation financing, structured settlement payouts (full & partial) and attorney funding. Our lenders all provide non recourse funding meaning if you lose your case you don't have to repay the lawsuit loan.
There is a distinct reason why more plaintiffs are choosing pre settlement funding with LawLeaf. LawLeaf is a pre settlement lawsuit funding company that thrives on providing plaintiffs with faster approvals and competitive rates for personal injury and commercial litigation claims. The lawsuit funding industry although becoming more popular is still in its infancy stage. There are dozens of companies that will provide pre settlement funding to plaintiffs however very few will offer the array of options that LawLeaf can offer. If you are searching for pre settlement funding begin visiting LawLeaf today.
Pre Settlement funding is a very targeted industry. There are some companies that will provide funding for personal injury claims or commercial litigation claims, while others are only interested in purchasing an annuity from a structured settlement. There some companies interested in funding catastrophic injury claims while others will also look at soft tissue injury. Due to the preferences of these companies it can sometimes be hard to find the right company to provide you pre settlement funding against your pending lawsuit.
At LawLeaf we provide our clients the ability to borrow against most personal injury and commercial litigation claims regardless of the case and injury; we can also provide annuitants the option of selling part or their full structured settlement annuity. We can handle both catastrophic injury and soft tissue claims. LawLeaf as a company has an uncanny ability of finding funding for cases that most companies won't touch. In fact many of our clients have reached out to LawLeaf because we have the experience in getting tough cases funded.
If you have recently won your case and searching for an advance because you can't wait for payment LawLeaf can work with you. We also have experience in getting some clients second rounds of funding for claims that have already been funded by another company. You may have worked with LawLeaf in the past or secured funding through another source. We have been successful in getting some clients second and third rounds of legal funding through our service.
LawLeaf is able to do this faster and at a competitive rate because we work in quantity. Consider the following: You are in dire need of money and having a hard time getting a call back from a pre settlement funding company. Perhaps the company is not interested in your type of case or the amount of the request. You may be waiting days before you finally reach a representative only to find out they can't provide you pre settlement funding against your lawsuit. Because LawLeaf provides a full range of pre settlement funding products we always provide an immediate response to our clients request regardless of the case type or request amount.
LawLeaf has gained the reputation of offering plaintiffs great customer support because we are able to work with most clients regardless of the lawsuit. Our only requirement is you are the plaintiff in the lawsuit and you have the representation of a lawyer.
If you want to be backed by a company that puts your interests ahead of its own, begin by applying online with LawLeaf today.
Pre Settlement funding is a very targeted industry. There are some companies that will provide funding for personal injury claims or commercial litigation claims, while others are only interested in purchasing an annuity from a structured settlement. There some companies interested in funding catastrophic injury claims while others will also look at soft tissue injury. Due to the preferences of these companies it can sometimes be hard to find the right company to provide you pre settlement funding against your pending lawsuit.
At LawLeaf we provide our clients the ability to borrow against most personal injury and commercial litigation claims regardless of the case and injury; we can also provide annuitants the option of selling part or their full structured settlement annuity. We can handle both catastrophic injury and soft tissue claims. LawLeaf as a company has an uncanny ability of finding funding for cases that most companies won't touch. In fact many of our clients have reached out to LawLeaf because we have the experience in getting tough cases funded.
If you have recently won your case and searching for an advance because you can't wait for payment LawLeaf can work with you. We also have experience in getting some clients second rounds of funding for claims that have already been funded by another company. You may have worked with LawLeaf in the past or secured funding through another source. We have been successful in getting some clients second and third rounds of legal funding through our service.
LawLeaf is able to do this faster and at a competitive rate because we work in quantity. Consider the following: You are in dire need of money and having a hard time getting a call back from a pre settlement funding company. Perhaps the company is not interested in your type of case or the amount of the request. You may be waiting days before you finally reach a representative only to find out they can't provide you pre settlement funding against your lawsuit. Because LawLeaf provides a full range of pre settlement funding products we always provide an immediate response to our clients request regardless of the case type or request amount.
LawLeaf has gained the reputation of offering plaintiffs great customer support because we are able to work with most clients regardless of the lawsuit. Our only requirement is you are the plaintiff in the lawsuit and you have the representation of a lawyer.
If you want to be backed by a company that puts your interests ahead of its own, begin by applying online with LawLeaf today.
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