Home | List of Vioxx Articles | Submit a Vioxx Article | Contact Us

Options for Lawsuit Settlement Winners Receiving Periodic Payments

On January 22,2002, President George W. Bush signed into law a bill that protects individuals who must sell their structured settlement payments to meet unplanned financial needs. H.R.2884
Victims of Terrorism Tax Relief Act of 2001 (Signed by the President January 22,2002))

Under a structured settlement, a lawsuit plaintiff will not receive compensation in one lump sum but will receives a periodic stream of payments according to the terms of the structured settlement. This bill makes it mandatory for individuals to seek court approval when they sell their structured settlement payments to meet some urgent financial need.

Sometimes circumstances in life arise for individuals who are receiving a structured insurance settlement. Now they are in a position to consider selling all or a portion of their scheduled payments in exchange for a lump sum of cash upfront. Researching and exploring for the best deals available will definitely prove beneficial to the individual who is selling their insurance settlement. Big picture wise, don't rush, be sure to do your homework before selling a structured settlement and find out what the best terms and options are available from a buyer of structured settlements.

Some quick tips when searching for a settlement buyer:

1. Call around and compare information and rates
2. Check your top option with the Better Business Bureau
3. Consult an attorney, financial planner, and/or tax advisor
4. Ask Questions

Since your future and plans are at stake, acquiring necessary knowledge and information well in advance, is a simple matter of common sense.

Jason M Rigler
National Director
Prosperity Partners

Related Vioxx Articles:

Bextra and Vioxx Withdrawal Spurs Price Increase Among Rivals - The market for painkillers is huge. People don’t like pain and inflammation, and last year Americans spent nearly $4 billion on just two of them – Vioxx and Bextra. Those two drugs, part of a family of non-steroidal anti-inflammatory drugs known as COX-2 inhibitors, were withdrawn from the market recently amid concerns that they can cause heart att ...

Bextra, Vioxx and Side Effects – Do You Need Aa Lawyer? - The recent withdrawals of the prescription medications Vioxx and Bextra from the marketplace have many people concerned. Studies show that the use of Vioxx could increase the likelihood of strokes and heart attacks; Bextra carries those same risks and also increases the chances of contracting Stevens-Johnson Syndrome, a potentially fatal skin di ...

Bextra, Vioxx and side effects – Do you need a lawyer? - The recent withdrawals of the prescription medications Vioxx and Bextra from the marketplace have many people concerned. Studies show that the use of Vioxx could increase the likelihood of strokes and heart attacks; Bextra carries those same risks and also increases the chances of contracting Stevens-Johnson Syndrome, a potentially fatal skin disea ...

Auto Lemon Laws – About the Arbitration Process - Buying a new car is not something most people do without thought; it generally requires a large investment of time and money. We choose our purchase carefully, and we hope that it will suit our needs, without too much trouble, for years to come. Sometimes, however, things don’t work out that way. Every now and again, some unlucky buyer will end ...

For a Complete list of Vioxx Articles Click Here