Tag Archives: Eugene Ahtirski
Using Your Structured Settlement as Collateral for a Bank Loan According to the National Structured Settlement Trade Association (NSSTA) “Normally, you may not use your structured settlement payments as collateral for a loan. The reason is that the federal law designed to provide these benefits to you on an income tax-free basis also prohibits you from assigning or encumbering them”. The National Association of Settlement Purchasers (NASP) states, “That is an option, if you have good credit and are willing to take on additional debt.” The NASP also adds, “Unfortunately, few banks will take your payments as collateral. That is […]
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Transfers of Structured Settlement Payment Rights Most Misunderstood Courthouse Terms, R-V Remand – Return the defendant to custody to await further action. Satisfaction of Judgment – The discharge of an obligation by a paying party what is awarded to him, by the judgment of a court or otherwise. Stay – The act of stopping a proceeding by a court order. Stipulation – An agreement between the parties or their atttorneys. Summary Judgment – When the judge decides a case without going to tria […]
Transfers of Structured Settlement Payment Rights Most Misunderstood Courthouse Terms G-L Guardian Ad Litem – A person appointed by the court to look after the interests of a minor or an incapacitated person whose property or rights are involved in litigation Guardianship – Legal right given to a person to be responsible for the food, housing, health care and other necessities of a person under 18 years of age Habeas Corpus – From the Latin “You have the body”. An order commanding tha […]