Sentences with phrase «agrees to a settlement payment»

You typically need to be facing extreme hardship before the IRS agrees to a settlement payment.

Not exact matches

Among the less noticed features of the federal tax overhaul enacted late last year is a provision eliminating the deductibility of sexual harassment settlement payments and related attorney's fees if the parties agree to keep the settlement secret.

Between April 2013 and June 2013, Shkreli caused Retrophin to enter into settlement agreements with four more MSMB investors in which Retrophin agreed to make cash payments or issue Retrophin shares to resolve their complaints about the returns on their MSMB investments:

Attorneys representing two women in a sexual - harassment dispute against Brooklyn Assemblyman Vito Lopez had initially demanded a settlement payment of $ 1.2 million before agreeing to a fraction of that amount, according to internal email correspondence made public Thursday by the state attorney general's office.

One year after the Village of Hoosick Falls tabled a controversial settlement agreement, the Rensselaer County community has agreed to accept payments from companies blamed for polluting local water supplies.

With a settlement, you agree to make payments that are for amounts less than what you currently owe.

Moreover, if your current financial situation is complicated, settlement agents can agree with your creditors new grace periods for you to recover and retake payment of your debt once your situation has improved.

Debt settlement companies approach your creditors and negotiate a plan in which each creditor agrees to cancel the loan for less than what you owe in exchange for a lump sum payment.

Now that your settlement offers have been accepted, you need to make your payments as agreed.

Some debt settlement firms have been making face - to - face presentations and charging a fee upfront but these firms are exempt from the Telemarketing Sales Rule as long as they have a face - to - face meeting with the consumer before the consumer agrees to use the firm and before any payment by the consumer to the firm.

The definition of debt settlement as found in Wikipedia states, «Debt settlement, also known as debt arbitration, debt negotiation or credit settlement is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.»

Under a debt settlement arrangement, your creditor agrees to accept a lump sum payment of less than your unpaid debt to resolve fully your debt.

[XYZ] Collection Agency agrees to delete ALL information regarding this account from the credit reporting agencies WITHIN TEN CALENDAR (10) DAYS following receipt of payment as specified above and will not discuss the terms of this settlement with anyone, excluding your client on this account.

Making a mistake in the settlement process could hurt your chances at getting the creditor to agree to a reduced payment.

In a debt settlement, the lender agrees to accept less than the full balance of a debt in return for a lump - sum payment from the consumer.

Ultimately, while debt settlement services can help negotiate on your behalf and help manage your payments to creditors, not all creditors will always agree to accept less money than they are owed.

A debt collector could claim your payment as evidence you agreed to the terms set by your original creditor — and the settlement you worked so hard to get goes up in smoke.

If settlement is accepted at program enrollment, with agreed savings goal and date of payment in the future, and consumer accepts it, then you may be able to accept fee as usual.»

I pulled my credit report today 45 days after our closing and to my suprise my credit score even after foregoing mortgage payments for the entire process has climbed back up 120 points now that debt shows paid in full with a statement of «Pays as agreed» and with a comment of «Paid account / Zero balance - Settlement accepted on this account».

I've seen debtors make settlement payments to collectors only to have then say they never agreed to a settlement.

A debt settlement involves getting your creditors to agree to take less than what you owe as full payment for the debt.

The agreed upon payments are re-assigned to the buyer of the structured settlement, and in exchange, the buyer gives the seller an upfront lump sum of cash.

Shvo pleaded guilty last week to tax evasion charges and agreed to a $ 3.5 million settlement payment.

http://www.cato.org/pubs/pas/pa437.pdf The settlement of the tobacco litigation, in November 1998, was a legal and public policy debacle of truly historic proportions.5 The tobacco companies agreed to abide by a new set of regulatory constraints and to make multibillion - dollar payments annually to the states (and the trial lawyers from private practice who were hired to represent most of them) in perpetuity.

The settlement is usually resolved early in the litigation process when the plaintiff agrees to give up the right to pursue any further legal action in connection with the accident or injury, in exchange for payment of an agreed - to sum of money from the defendant or an insurance company.

In such settlements, two things are the most important: the exact and particular plan of payment of the debt, and agreeing that if the debtor fails to pay just one instalment, the entire debt becomes due.

Upon divorce she agreed to a settlement which gave her only «a rather insubstantial housing arrangement» and limited periodical payments.

The Applicant sought full payment of the general damages amount agreed to in the settlement and a further $ 1,000 for the harm caused by the breach.

the restructuring of the liquidity facility and payment waterfalls to implement a settlement agreed between the senior noteholders and the liquidity facility provider

We are flexible with respect to payment arrangements and will likely agree to represent you on the basis of a Contingency Fee Agreement, which is an arrangement where the lawyer represents you in exchange for a percentage of the final amount of your settlement.

This is true of both court ordered payments and out - of - court settlement agreements, which occur when both sides of a law suit agree on an amount to end a case before the courts are forced to decide the outcome.

These settlement agreements attract concern from competition regulators due to their potential to take the form of so - called «pay - for - delay» or «reverse payment» arrangements where a generic manufacturer agrees to delay the launch of a competing generic product in exchange for a transfer of value (monetary or otherwise) from the brand company....

The plaintiff agreed to dismiss with prejudice and without settlement payment from the defendants based on evidence refuting the plaintiff's standing to pursue the claim.

Generally, a settlement will take the form of negotiation, which is followed up by a written contract where both sides forgo all further action (like a lawsuit), instead choosing to resolve the situation through payment of an amount of money that they both agree to.

This back and forth between parties can take some time, and if a settlement is reached, it is memorialized in a formal written agreement where you agree to resolve the complaint through payment of an agreed - upon sum instead of moving forward with a formal lawsuit.

If a fair settlement can be reached, the lawyer can draft a written agreement in which both parties can agree to take no further action (such as a filing a lawsuit), choosing instead to resolve the matter through payment of an agreeable amount of money.

Massachusetts software company, PTC, Inc. («PTC») agreed to pay a $ 14.5 million criminal penalty to resolve a Department of Justice («DOJ») investigation into payments for recreational travel by Chinese government officials that violated the Foreign Corrupt Practices Act «(«FCPA») and a civil settlement with the U.S. Securities and Exchange Commission («SEC») by disgorging $ 11.8 million.

What is difficult for us to comprehend is why the Department of Veterans Affairs, having entered into a settlement agreement and agreed to a consent order some 16 years ago, continues to resist its implementation so vigorously, as well as to resist equally vigorously the payment of desperately needed benefits to Vietnam war veterans who fought for their country and suffered grievous injury as a result of our government's own conduct.

If one's car is declared to be a «write off» (or «totaled»), then the insurance company will deduct the excess agreed on the policy from the settlement payment it makes to the owner.

VTech Electronics agreed to a $ 650,000 settlement payment and sanctions by the Federal Trade Commission (FTC) to resolve charges it...

The parties can always agree by way of a settlement agreement or via a consent order to fix the payment arrangement for college expenses.

Settlement agreements that usually include issues such as child support payments may not be appealed because both parties agreed to the terms.

The contract does state: «If a buyer fails to perform Buyer's obligations under this Contract, including payment of the deposit, seller may elect to recover and retain the deposit for the account of the seller as agreed upon liquidated damages, consideration for execution of this contract, and in full settlement of any claims».