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How does endowment insurance work?
It is a life insurance policy that pays a giant sum of money when a person dies. This payment is traditional with benefits and many receive this. Many invest in these payments before they pass or when an event happens.
What happens when a check expires?
When a check expires, it means that the bank will not honor it for payment. The person who wrote the check will need to issue a new one if the payment still needs to be made.
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
If a person left a house in a will with a mortgage payment what happens with the mortgage?
The mortgage has to be resolved. Either it must be sold and the mortgage paid off, or the person inheriting obtains a replacement mortgage.
How to do an EFT payment?
To make an EFT payment, you need to provide your bank account information to the person or company you are paying. They will then initiate the transfer electronically from their bank to yours. Make sure to double-check the details before authorizing the payment.
What happens when a body attachment is issued for non payment of child support?
The local law enforcement agency picks the person up to appear before the judge. what happens when you appear before the Judge
What does the judgment is stayed pending defendants settlement payment at which time this judgment will be deemed fully satisfied mean and will the judgment be physically filed?
This means that the defendants have an opportunity to make payment before the judgement is to be satisfied by the court officers. The person who lost the suit can pay before the judgement before their property starts being forfeited to settle the debt.
What happens if you miss a payment in your bankrupcty agreement?
The person should contact the BK trustee immediately. A trustee will generally give the debtor thirty days to bring the payment(s) up to date before requesting the "13" be dismissed.
How much money do dog bite lawyers cost?
The cost of a dog bite lawyer can vary on the method of payment. Some personal injury-lawyers work under contingency pay or hourly pay. The former being paid for the settlement of the case and the latter for the hours spent working on the case. The cost comes down to what happens in court, how much money is paid as a settlement to the person who was bitten and of course the method of payment.
What is a injury settlement?
An injury settlement is when a person pays another person money because they caused injury to them. This is done to avoid a long, drawn out trial in the court system where the judge will decide how much money will be given.
Lump Sum Settlement Can Be Sold?
If a person wins a lawsuit, a settlement agreement may be reached that provides income to the plaintiff in one large lump sum, but the timing of payment may be at some time in the future. There may be appeals that take up time before the ultimate settlement occurs. Other awards, like a large lottery win, promise a future lump sum settlement. Divorces may also contain lump sum settlement agreements that are to occur in the future. These lump sum settlement agreements can be bought and sold like assets. Occasionally there is some court involvement if the settlement requires supervision to protect the interests of the settlement holder. The main reason a court might intervene in the sale of a lump sum settlement would only be to protect the person who is to receive that settlement. Perhaps a person is physically or mentally disabled for life and can no longer work. The lump sum settlement provides needed income for that person that may be expected to last for their lifetime. If a settlement holder sells their arrangement to obtain a lump sum of cash right now, instead of in the future, that is a possibility. They will pay a large fee to the company that buys out their settlement. They receive a large, but lesser amount of cash at one time, and they get it right now instead of at some future date. If a lump sum settlement is sold, the payee is no longer the person who will receive the future lump sum. The company that has loaned them the lump sum of cash will receive the large payment whenever it does materialize. The lender gets a big fee plus their money back. It is an investment for them and an immediate windfall for the person who is selling out their settlement agreement. There are many reasons for wanting to sell out a lump sum settlement agreement before it is actually paid. What a person does with their settlement is optional unless the court is supervising the settlement for the recipient.
When a person receives an auto insurance settlement payment is the insurance company sending any notice of that payment to the IRS?
Payments of this kind are not taxable at all. This is considered as compensation for a loss of some kind be it injury or property.
What is a structured settlement company or companies?
A structured settlement is a financial arrangement, where a person receives payment in increments. They are commonly used in injury cases or in cases of life-threatening diseases. They are also used to avoid trial in court.
Where can someone buy purchase structured settlements?
Structured settlements can typically be purchased from companies and institutions that specialize in buying them, such as settlement purchasing companies. These companies evaluate the value of the structured settlement and make offers to individuals looking to sell their future settlement payments in exchange for a lump sum of cash. It is advisable to research and compare different companies to ensure a fair deal and to consult with a financial advisor or attorney before making a decision.
What payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What is a payment on account by a customer?
A payment on account by a customer happens when a customer pays a bill. For example, if a person had an account at a furniture store, each month, he or she would make a payment on their account to pay down their balance.
What happens if you contact the person that is suing you?
You get an opportunity to talk things out and perhaps come to a settlement of the issues and a dismissal of further litigation. There are no penalties for contacting the person suing you.
