The Court of First Instance sided with Longaberger after it provided a valid lien on the settlement funds collected under the terms of the plan. The case' manifestation of the need to properly draft subrogation and reimbursement clause in medical plans is stated.EBSCO_bspTax Management Compensation Planning Journal
In most cases, after your lien has been filed your customer resolves their account and you need to remove a lien. Once you have received payment in full, or a settlement amount, and the funds have cleared then you are obligated to remove the lien, You can contact Lien-Pro directly to ...
Twitter Google Share on Facebook statutory lien A charge or claim upon property that arises by virtue of specific statutes that address the relationship between the property owner and the party given the ability to place the lien.A mechanics'and materialmen's lien is a statutory lien;a mortgage...
A lien is often created when an individual uses a loan from a bank to purchase anasset. For example, if someone takes out a loan to buy a car, the car dealer would be paid using the borrowed funds from the bank. In turn, thebankwould be granted a lien on the vehicle. If the bor...
“first in time, first in right” rule, and priority is based solely on time. Generally, if there are not enough funds to pay all mechanics liens of the same class, competing liens must share funds on a pro rata basis. Subcontractors and 3rd tier parties take priority over general ...
on the financed asset to the lender. By doing so, the lender has a legal right to take possession of the asset and sell it if you default on the loan payments. The lien serves as a safeguard for the lender, providing reassurance that they can recover their funds in case of non-...
All interest on or income realized by investment of the Escrowed Funds or any portion hereof shall be accumulated and added to the Escrowed Funds, and further provided that any such interest or investment income earned on the Settlement Escrow Account or the Lien Holdback Account pursuant to Sect...
The Medicaid program puts a lien on your settlement to ensure that the government recovers the funds used to settle your bills from the day of your injury to the day you recover compensation for your damages. Understanding Medicaid Lien To understand Medicaid lien, you must understand what “...
Google Share on Facebook Lienholder (redirected fromLien Holder) Dictionary Lienholder Thelenderon aloanwithcollateral. When one has placed collateral on a loan, the lienholder has the right to take possession of the collateral in the event ofdefault. One cannotsellthe collateral until the loan ...
for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale made in accordance with the UCC, to use and apply any of the Parity Lien Obligations as a credit on account of the purchase price for any Col...