Does the TV show"People's Court"pay the settlements?

Answer On ''The People's Court,'' if the judge rules for the plaintiff, the judgment is paid by the program and the defendant receives $50 for his time. If the judge rules that the defendant wins, both l... Read More »

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What are structured settlements?

Structured settlements work around the problems that are inherent to large, lump-sum payments. It essentially entails a payment plan in which money is awarded periodically to the winner of a person... Read More »

What are life settlements?

The term "life settlement" refers to the sale of a life insurance policy by a senior---age 65 or older---while the person is still alive. Sometimes called a "senior settlement," it can be a useful ... Read More »

How are settlements taxed?

All settlement amounts received are taxed as ordinary income except for compensation damages paid for direct physical injury or sickness. Also, costs included in settlement amounts with few excepti... Read More »

Are debt settlements bad?

On One Hand: Debt Settlement Can WorkDebt settlement is one way people who are in debt over their head can get back in control. Many banks would rather settle with you and get some of their money ... Read More »