Sentences with phrase «for lump sum settlements»

Alston's report urges the UN to make use of other precedents for lump sum settlements, such as the 9/11 trust fund, the USA - France agreement to compensate Holocaust victims, and the Canadian Reparations Programme for the Indian Residential School System.

Alternatively, they're allowed to take 10 % of the debt for lump sum settlements.

If you're hoping to negotiate for a lump sum settlement where you can pay off your credit card debt for less than you owe, you won't have any luck until you've been behind on your payments for a while.

Debt settlement: Also referred to as debt negotiation, this is an agreement between a creditor and a debtor for a lump sum settlement of the debt for less than the balance owed.

Not exact matches

Settlement and lawsuit funding provides lump sum cash advance for annuities and personal injury cases before or after an award.

Another example would be a young widow with small children receiving a lump - sum settlement from her husband's life insurance policy and can not risk losing the principal; although growth would be nice, the need for cash in hand for living expenses is of primary importance.

The settlement requires payment of a lump sum amount of $ 50,000 from Target Canada Inc. for the exclusive benefit of a registered charity selected by your Representatives.

In addition to a $ 7.5 million settlement dubbed a «lump sum» but payable over seven years, Silda also gets $ 240,000 a year in maintenance for the rest of her life — with all the cash coming after Eliot pays the taxes.

The board bought out his settlement package in a lump sum for $ 421,353 on Jan. 15, 2012, before he retired in October 2013, according to DiNapoli's office.

Debt - settlement companies tend to hold monthly payments from you until they have a lump sum they can offer a creditor in exchange for a settlement.

While it is possible that your credit card issuer will refuse to accept a partial settlement of your debt, it is just as likely that you may be allowed to settle for either a lump sum payment, a renegotiation of your payment terms that may give you more time — typically an extra 90 days — or a combination of the two, in order to settle your account before it gets charged - off.

If you have a policy you no longer want you can also sell it to a life settlement company in return for a lump sum payment.

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.

This annuity may also be a good vehicle for large lump sums from insurance proceeds, group retirement plans, divorce settlements or large - ticket sales, which can be converted into an income stream.

For instance, if you have a $ 5,000 balance and the creditor is willing to settle it for $ 2,500, then you need to have that much accumulated in your settlement account so you can pay the settlement if a lump sum is requirFor instance, if you have a $ 5,000 balance and the creditor is willing to settle it for $ 2,500, then you need to have that much accumulated in your settlement account so you can pay the settlement if a lump sum is requirfor $ 2,500, then you need to have that much accumulated in your settlement account so you can pay the settlement if a lump sum is required.

This is true if it is a lump sum settlement or an agreement for a reduced sum with monthly payments.

Some creditors may allow for the structuring of a debt settlement in an installment plan rather than as a lump sum payment, but generally, a creditor will accept a lower amount if you offer a lump sum payment rather than an install plan spread out over several months.

Commutation Right: The right of a beneficiary to receive in a single lump - sum the remaining payments under an installment option which was selected for the settlement of the proceeds of life insurance policy.

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.

Settlements can be taken as a lump sum in the future, as a stream of payments for a predetermined number of years, or as a combination of both.

Not just because debt settlement does not work for most people, but because of your income situation it will be nearly impossible for you to have the lump - sum money on hand to settle right now.

When there is enough money in the account for them to make a lump sum settlement on the debts, they'll start negotiating with your creditors.

While many credit counseling agencies are non-profit, debt settlement companies are for - profit businesses that agree, with no guarantees, to negotiate with creditors to pay off your debts in a lump sum for a fraction of what you owe.

Settlements are agreements between the borrower and their lender (or their collection agency) in which the lender foregoes a percentage of the loan in exchange for what is typically a lump sum payment.

A debt settlement for less than the full balance owed gives a debt collection company the opportunity to collect a lump sum payment in one big payment, and creditors often don't turn down a lump sum chunk of cash!

Debt settlement means offering a lump - sum payment to a creditor for less than what is owed.

These companies say they will negotiate with consumers» creditors to accept a lump sum settlement for 40 to 60 cents on the dollar for amounts owed on credit cards and other unsecured debt.

Below are a few ideas you can use to not only minimize your debt, but also accumulate the lump sum for debt settlement.

My intent is to offer a lump - sum settlement amount if they will remove the report from my credit file with the bureaus, or alternately in return for a «paid» notation on my report file.

Debt settlement programs typically are offered by for - profit companies, and involve them negotiating with your creditors to allow you to pay a «settlement» to resolve your debt — a lump sum that is less than the full amount that you owe.

For example, she says, in the past, consumers who chose debt settlement traditionally had to work out a plan where they agreed on a settlement amount and the consumer had to pay it in a lump sum.

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

If you're facing a legitimate financial hardship and can't make the minimum payments on your Bank of America (or FIA Card Services) credit card account then one potential solution is to negotiate a lump - sum settlement for less the balance owed.

In some circumstances, if you are able to offer your creditors a lump sum in settlement of your debts, an IVA can last for less than 5 years.

For some, this may be a cash settlement — a lump sum that must be used to settle debts and start again.

The settlement company will continue paying the policy premiums until your death, and in exchange, they will pay you a lump sum of cash, which you can use for whatever you see fit — including saving for healthcare costs.

The ancillary relief proceedings were eventually compromised and the consent order was made on 11 February 2007, whereby W accepted the provision in full and final settlement of all her claims for lump sum, property adjustment and pension sharing.

If the settlement provides for the payment of a lump sum in an amount offered by the insurer and, with respect to a benefit under the Statutory Accident Benefits Schedule that is not a lump sum benefit, the settlement contains a restriction on the insured person's right to mediate, litigate, arbitrate, appeal or apply to vary an order as provided in section 280 to 284 of the Act, a statement of the insurer's estimate of the commuted value of the benefit and an explanation of hoe the insurer determined the commuted value.

The Claimant did not have a breakdown of the total settlement proceeds of $ 365,000 as he was provided a lump sum cheque from ICBC without mention of awards for the specific damages sustained.

A structured settlement may be a viable investment option for you so that you do not have to worry avout how to manage a large lump sum of money.

In other words, if you need to set up a special needs trust for your personal injury settlement, you will not receive the cash in a lump sum.

Rothstein told investors plaintiffs agreed to sell their rights to a full settlement at a discount in exchange for an immediate lump sum.

If settlement proceeds (taken as a lump sum, a structured settlement or some combination) are placed in a properly drafted supplemental (special) needs trust (SNT), they will not impact the plaintiff's eligibility for ongoing support from government funded programs.

Settlements typically close the entire claim as you are receiving a lump sum of money partially for the anticipated future medical expenses.

As a result, with larger settlements, it is often beneficial for a plaintiff to take a portion of the settlement in a lump sum and use a portion of the settlement to purchase a structure.

The Ohio worker's comp program offers payments specifically for injuries like amputated limbs and blindness, but those are generally fixed settlements or lump sum awards.

Although medical coverage for those injuries will cease, the advantages of a settlement is a lump sum of money in the bank that can make more money through investments.

When you receive a lump - sum settlement, you may be taxed on it if your damages weren't only for physical injuries.

We're here to aggressively fight for your right to have your benefits reinstated or obtain a fair lump - sum settlement.

An agreement on behalf of Paris was eventually concluded and she will receive a seven - figure global settlement consisting of a lump sum and the remaining amount to be paid annually for the rest of her life.