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A structured settlement factoring transaction is a means to raise liquidity where there is no other viable means, via the transfer of structured settlement payment rights, for items such as unforeseen medical expenses, the need for improved housing or transportation, education expenses and the like, or in a situation where the individual has simply spent all his or her cash.
The typical structured settlement arises and is structured as follows: An injured party (the claimant) comes to a negotiated settlement of a tort suit with the defendant (or its insurance carrier) pursuant to a settlement agreement that provides as consideration, in exchange for the claimant's securing the dismissal of the lawsuit, an agreement by the defendant (or, more commonly, its insurer ...
Peachtree Financial gives structured settlement recipients the option to receive their cash sooner, by selling their structured settlement payments. [6] These regular payments from insurance companies, often as a result of a personal injury lawsuit, can be sold in portions, or all at once.
A structured settlement is designed to compensate individuals following the outcome of a civil lawsuit. For example, if you were involved in a car accident and were seriously injured, you may ...
Chapter 13: This type of bankruptcy follows a strict three- to five-year settlement payment arrangement structured by a bankruptcy attorney. You get to keep your assets with this bankruptcy type.
Under the doctrine of constructive receipt, with a properly documented structured sale, no taxable event is recognized until a payment is actually received. Taxation is the same as if the buyer were making installment payments directly. Structured sales are an alternative to a section 1031 exchange. In a 1031 exchange, however, the seller is ...
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