Lawsuit Settlement Loan A lawsuit settlement loan is a type of short term lump sum loan made by a lender to a borrower who expects to receive a reward settlement as part of a class action lawsuit or personal injury lawsuit. Once a legal settlement is made to the borrower the loan is repa...
The person responsible for post-divorce debt depends on whether the debt was incurred separately and how any debt incurred while the couple was together is divided during divorce proceedings.Ultimately, this will vary from case to case. Are Legal Fees From a Divorce Tax Deductible? No, the lega...
A financial company advertises on television that they will pay you $60,000 now in exchange for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 10 years. If you estimate the time value of money at 10 percent, would you accept this offer...
often due to financial distress, or by completing debt settlement programs. Once a debt is forgiven, it is considered income. Borrowers should receive a 1099-C tax form.1