Sentences with phrase «lump sum settlement of»

Over the last few years our practitioners have been instructed in many of the major value cases including: XXX who recovered # 9.4 m at trial; Mille Evans who's case settled for # 10.7 m shortly before trial; ABC v Great Ormond Street Hospital in which the claimant recovered # 10.25 m; Hammond, a cerebral palsy case involving a rare lump sum settlement of # 8.1 million; A Child (# 7.3 m); K v Powys (# 8 m); and X v A (6.6 m).

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.

One option is that you could explore a debt settlement approach to do a lump sum settlement of your credit card debt.

A debt settlement program, on the other hand, will work on your behalf to negotiate lower payments or a lower lump sum settlement of your debts.

You may be able to contact the bank and negotiate a reduced lump sum settlement of your credit balance to close out the entire account.

Not exact matches

Second, the instalments of a structured settlement could be timed to coincide with an advantageous tax position, or to reduce taxes payable on any income created by investing the lump sum.

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.

The City of Niagara Falls is set to receive a lump sum of $ 89 million after the settlement of a long - standing dispute between New York state and the Seneca Nation over gambling revenues.

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.

Through a full and final settlement, you would offer your creditor a lump sum of money that's less than the full amount you owe.

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.

Commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted settlementsettlement

Debt settlements typically work best when you have a lump sum of money that you can offer.

Sometimes debtors are required to make lump - sum payments as part of their debt settlement, too.

A letter including the offer may not specifically use the word settlement, but there could be some language to indicate that you can pay a lump - sum amount that's less than the full balance due and the creditor will cancel the rest of the debt.

To successfully negotiate a lump sum settlement, you will need to have access to a lump sum of money.

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.

Legal expenses incurred to obtain a lump - sum settlement are generally not deductible unless the lump - sum payment specifically relates to a number of periodic child support payments that were in arrears.

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.

A debt settlement is a negotiation between the borrower (you) and the debt collector that you will pay back (an often greatly) reduced amount of the total debt in a lump sum or over a period of time.

The lump - sum is typically a fraction of the actual amount owed, but because the federal government has so many ways to collect money, debt settlements are few and far between.

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.

The letter should state that the collection agency is accepting the lump - sum payment in settlement of the entire amount you owe.

When you ask the creditors to let you pay a lump - sum instead of the full balance you owe on the debt, it is known as a «full and final settlement offer».

Debt settlement is a process of reducing your debts and paying an agreed amount, usually in one lump sum.

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.

A Consumer proposal is a way to negotiate a debt settlement with your creditors by offering to pay back a reduced amount of your debt, either in a lump - sum payment or in monthly installments over an extended period of time.

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.

Once the fees were paid, the company would accumulate the payments until there was sufficient money available to offer a lump sum settlement payment to one of the client's creditors.

The amount needs to be paid out in a single lump sum, but you can end up saving a good deal of money by using debt settlement.

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!

The representative from settlement company negotiates with your creditors and / or collection agencies to reduce the payoff amount so that you can get rid of debts through a lump sum payment on each account.

Annuity.org is a Florida - based company that buys annuities and structured settlements from people who would rather receive lump sums of cash instead of monthly payments spread out over several years.

Sometimes, someone in your position finds it beneficial to come up with a lump sum settlement so that they are free to move on and grow their business without the threat of the ex-spouse wanting a share of the growth by way of increased support.

Mortgage Insurance Premium: The lender may require you to pay your first year's mortgage insurance premium or a lump sum premium that covers the life of the loan, in advance, at the settlement.

Moreover, advance fees impede the purported goal of the debt settlement firms to accumulate sufficient funds to pay off unsecured debts with a lump sum payment.

Doug Hoyes: Yeah, and I think a debt settlement works if you've got a lump sum of money sitting right there.

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.

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

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.

Debt settlement involves offering a lump - sum payment to receive forgiveness of your outstanding credit card balances.

Written By: Larry Klein in Walnut Creek, CA There are 2 types of annuity buyers that end up with annuities they would like to sell (and you could be the buyer): Those people who buy immediate annuities and then later decide they desire the cash rather than monthly or annual payments over time Those people who get legal settlements in the form of an annuity and they prefer to have a lump sum of cash You can be the buyer of such «secondary annuities» and...

Settlements are however only possible if you are willing to pay the lump sum of the lower amount - or over a short period of time.

«Half of our claimants who lost their home took a lump sum settlement and either left the area or bought a new pre-built house in the Fort Mac area,» says Economical's Neglia.

IF YOU HAVE MAJOR COLLECTIONS >> > SETTLEMENT CAN OFTEN WORK if you get a lump sum of money after being in collections... take that amount... split it up at about 60 percent per debt... offer them 40 % and then they will often talk you back up to that 60 and be able to accept it.

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.