IDAHO Structured Settlement CODE

IDAHO Structured Settlement  CODE TITLE 28. COMMERCIAL TRANSACTIONS CHAPTER 9. SECURED TRANSACTIONS Part 1. General Provisions 28-9-109 Scope. (a) Except as otherwise provided in subsections (c) and (d), this chapter applies to: (1) A transaction, regardless of its form, that creates a security interest in personal property or fixtures by contract; (2) An agricultural lien; (3) A sale of accounts, chattel paper, payment intangibles or promissory notes; (4) A consignment; (5) A security interest arising under section 28-2-401, 28-2-505, 28-2-711(3) or 28-12-508(5), as provided in section 28-9-110; and (6) A security interest arising under section 28-4-210 or 28-5-120. (b) The application […]

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IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS! Regardless of how simple the TV commercials and web-ads make it sound, any sale of a structured settlement requires Court Approval! What this means is that if you are thinking of a s… Continue reading IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS!

IF YOU ARE A SELLING A STRUCTURED SETTLEMENT – YOU NEED TO READ THIS! Regardless of how simple the TV commercials and web-ads make it sound, any sale of a structured settlement requires Court Approval! What this means is that if you are thinking of a selling your structured settlement, you must first go to court and get a judge to approve the sale. More important, the judge must also make the decision that selling your structured settlement is in your best interests, or the sale of your structured settlement payments will be denied. Fact, this is true no matter […]

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Companies Can Still Buy Structured Settlement Payments Part I

Companies Can Still Buy Structured Settlement Payments Part I   As much as legislation has helped claimants sell their structured settlement, some stiff restrictions still remain.  For instance, you cannot use your settlement as collateral for a loan.  Your settlement benefits are given to you on an income tax-free basis by the authority of Federal law.  If you need a loan, your next move would be to consider selling all or some of your benefits.   Associations like the National Structured Settlement Trade Association (NSSTA) frown upon the resale of structured settlements; they even discourage it openly on their website. […]

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Independent Professional Adviser Wins Higher Settlement Payments

Independent Professional Adviser Wins Higher Settlement Payments Do ‘ya feel like getting ripped off today?  Well, do ‘ya?  You can go to any transfer company you want.  Some take out higher Continue reading Independent Professional Adviser Wins Higher Settlement Payments

Selling my structured settlement, how do i know who to believe.

Selling my structured settlement, how do i know who to believe. You have a structured settlement and you are sitting home watching television and you see one of the many late night ads on TV telling you it’s your money stop the repo man by gettin… Continue reading Selling my structured settlement, how do i know who to believe.

Most Misunderstood Legal Courthouse Terms D-F

4 Article 2.3 Transfers of Structured Settlement Payment Rights Most Misunderstood Legal Courthouse Terms  D-F   Deadlocked – When a jury cannot reach a verdict due to irreconcilable differences of opinion.  The fact that a jury has ben deliberating for several days does not mean that the jury is deadlocked Declaration – A written statement made by witnesses, not under oath, subjecting them to perjury for its violation Default Judgment – A judgment entered after failure of a party to appear, or plead, or take some required step in a case at the appointed time Demurrer (de’-M’er) – A challenge […]

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The Maine Structured Settlement Protection Act

The Maine Structured Settlement Protection Statute MAINE STATUTES TITLE 24-A§2241. DefinitionsAs used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [1999, c. 268, §2 (new).] 1. Annuity issuer. “Annuity issuer” means an insurer that has issued an insurance contract used to fund periodic payments under a structured settlement. [1999, c. 268, §2 (new).] 2. Applicable law. “Applicable law” means: A. Federal law; [1999, c. 268, §2 (new).] B. The laws of this State, including principles of equity applied in the courts of this State; and [1999, c. 268, §2 (new).] C. The laws […]

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The Maryland Structured Settlement Protection Act

The Maryland Structured Settlement Protection Statute MARYLAND CODE COURTS AND JUDICIAL PROCEEDINGS Current through 2001 § 5-1101.(a) In this subtitle the following words have the meanings indicated. (b) “Discounted present value” means the fair present value of future payments, as determined by discounting payments to the present using the most recently published applicable federal rate for determining the present value of an annuity, as issued by the United States Internal Revenue Service. (c) “Independent professional advice” means advice of an attorney, certified public accountant, actuary, or other licensed professional adviser: (1) Who is engaged by a payee to render advice […]

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Companies Can Still Buy Structured Settlement Payments Part II

Buy Structured Settlement Payments Companies Can Still Buy Structured Settlement Payments Part II  Companies that buy structured settlements have to put up with a lot to exist and do what they do.  Despite the fact that these companies are now recogniz… Continue reading Companies Can Still Buy Structured Settlement Payments Part II