Individual Voluntary Arrangements. IVA

What is an IVA?

There is an alternative to bankruptcy called an "Individual Voluntary Arrangement" (IVA). This is a formal arrangement through the county court to pay an agreed amount off your debts over a shorter period. This usually means paying a high monthly instalment over 3 to 5 years. The rest of the debts are written off. Some IVAs are set up on the basis of using a lump sum to make offers to the creditors rather than make monthly payments. Some IVAs are a mixture of both.

Is an IVA suitable for me?

An IVA is not suitable for everyone. It is usually only worth looking at if you have a lot of money to spare every month to pay your creditors and/or you have a lump sum or assets that can be included.

What is the procedure for an IVA?

An IVA has to be set up by an insolvency practitioner (IP). An insolvency practitioner is usually an accountant or solicitor who is authorised to set up IVAs. Once an IP has agreed to make an IVA proposal for you, they can apply to the county court for an "Interim Order".

This stops your creditors from starting bankruptcy proceedings against you. It also stops any other enforcement action without the court's permission whilst the Interim Order is in force.

From 01/01/03 you can put forward an IVA proposal without applying for an Interim Order first. This may reduce your costs but means your creditors can still take enforcement action against you until the IVA is agreed.

You can ask for an IVA even after you have gone bankrupt. See the section on "Fast Track IVAs'. There are no rules on how much debt you have to be in before you can ask for an IVA.

The IP sends the IVA proposal to your creditors and arranges a formal meeting called a "Creditors Meeting", giving the creditors at least 14 days notice. Check with your IP and make sure that all your creditors have been contacted. If creditors have no notice of the meeting they do not have to stick to the terms of the IVA and can pursue you for their debt separately.

At the meeting creditors have to vote on whether to accept the IVA. Often creditors send their vote to the IP and don't actually come to the meeting. If 75% of your creditors "by value" who actually vote agree to the IVA, then the rest are bound by the IVA even if they voted against it or did not vote at all. "By value" means the creditors to whom you owe 75% worth of debt not the number of creditors you have.

So if the creditors to whom you owe the highest amount vote against the proposal then the IVA may not go through. Sometimes creditors will haggle about the terms of the IVA and ask you to agree to pay more every month or include assets you do not want to lose. They may ask you to make payments over a longer period.

Once the IVA is agreed your IP will supervise the arrangement and make sure you make the payments. If a creditor comes to light after the IVA has been agreed, they can claim the amount they would have received as if they had been included in the IVA at the start.

If the IVA does not go through then you are back to the same position as you were in before the Interim Order and you have to negotiate with your creditors separately. You have to wait 12 months before you can apply for another Interim Order.

How do I find an Insolvency Practitioner?

Your local county court may be able to give you a list of insolvency practitioners. You can also ask your local Official Receiver's office for list. If you cannot find your local Official Receiver's office contact The Insolvency Service Central Enquiry Line on 020 7291 6895. Check out the Yellow Pages or telephone directory.

WARNING: Be careful of companies who suggest they can put you in touch with an IP if you pay them a fee. These are known as "ambulance chasers". You can contact an IP directly without going through another company.

A list of IP's can also be obtained from:

The Association of Business Recovery Professionals
4th Floor Halton House
20-23 Holborn
020 7831 6563

The Insolvency Practitioners Association
52 - 54 Gracechurch Street
020 7623 5108

The Insolvency Practitioners Policy Section
The Insolvency Service
PO Box 203
5th Floor
21 Bloomsbury Street
020 7637 1110

There is an Insolvency Service publication called "The Directory of Authorised Insolvency Practitioners". This is kept in local reference libraries. It lists IPs by area and who regulates them. If they are not licensed then you should not use their services. We can also give you details of some IPs but are not in a position to actually recommend any companies listed.


All IPs will charge fees for setting up and supervising an IVA. It is very important that you shop around to make sure you are getting the best deal. Typical fees are over £4,000 and sometimes a great deal higher. Many IPs will offer an initial free meeting to look at whether an IVA is suitable in your situation. Some IPs will only accept payment of their fees up front. Other IPs will allow you to pay the fees as part of the monthly payments over the term of the IVA.

What if I can't pay the IVA once it is agreed?

You may not be able to keep to the monthly payments under the terms of the IVA. This might be because your circumstances have changed or because the payments were set unrealistically high in the first place.

It is very important that you talk to the IP supervising your IVA.

The IP can ask the creditors to agree to a lower amount. You may be charged another fee for doing this. If you can't agree a new or "modified" IVA then the IP can terminate the old IVA if you cannot make the agreed payments. It is then possible for the IP to apply to make you bankrupt.

If the IP decides it is not worth doing this then your creditors can take action against you instead. You will need to try to negotiate payment arrangements with each of your creditors separately to stop this happening.

What are the advantages of an IVA?

You may well be running a small business which would be difficult to keep going if you were bankrupt.

You may be a profession where you could lose your job if you go bankrupt such as accountancy/police/ armed forces.

You may have access to a large lump sum and want a formal arrangement with your creditors to accept the lump sum and write off the rest of the debts.

You may have a very high monthly available income to make payments.

You will not automatically lose your house or other assets which can be kept out of the IVA with the agreement of the IP and your creditors, although the creditors will usually want most of the equity in your house. See the section on "Disadvantages of an IVA".

You will not have the same restrictions on you as you would if you went bankrupt, e.g. you can still use your bank account without saying you have an IVA.

What are the disadvantages of an IVA?

If you do not keep to the terms of the IVA then the IP or your creditors can make you bankrupt.

If creditors do not accept the IVA proposal you are back to square one. You cannot make another IVA proposal for 12 months.

If you paid an up-front fee for your IVA and it is not accepted, then you will have lost the fee and be in a worse position than when you started.

If you own your house the IP and creditors may make you agree to sell your house as part of the IVA. It is standard for IVA agreements to include a clause that you will get your house valued after a set number of years with a view to giving most of the value or "equity" in your house to the creditors.

You may be able to pay instalments for an extra year to cover the amount of equity in your home. However it could mean selling your house if you cannot raise the money. Your options may include you or a partner taking out a new loan and even securing it on your house. This may be difficult as your credit rating may not be good enough to get a loan through a reputable lender and you would be putting your house at risk.

There is a risk that the IVA is agreed on the basis of monthly payments that you cannot afford long term. You must be very careful that the payments are set at a realistic amount in the first place.

If your circumstances change and you can no longer afford the payments your IVA may end if the IP cannot persuade the creditors to accept a new agreement.

Fast track IVA

From April 2004, under the Enterprise Act, there are new rules on how to get an IVA after you are made bankrupt. You can apply for a Fast Track IVA by putting a proposal to the Official Receiver even after you are bankrupt. The Official Receiver may agree to act as supervisor of the IVA if they feel it will produce a better deal for your creditors than they would receive through bankruptcy.

There are set fees for this process so costs are reduced.

There is no formal creditors meeting.

The proposal is sent by post and creditors can either take it or leave it.

The IVA proposal cannot be modified.

If the IVA is agreed, the Official Receiver will annul your bankruptcy order.

If your IVA fails the creditors could make you bankrupt again but the Official Receiver will not take any further action.

Where will details be kept about my IVA?

Public Register Records of IVAs are kept on a public register. To find out if someone has an IVA, records can be searched by anybody including members of the public either in person, by post or by fax. A copy of the search form can be printed from the website below or you can ask the Insolvency Service to send you a form. Your IVA will remain on the register until it is completed or terminated.

The Individual Insolvency Register
The Insolvency Service
5th Floor, West Wing
45-46 Stephenson Street
B2 4UP
Tel: 0121 698 4000
Fax: 0121 698 4406

You can also search the register in person by visiting your local Official Receivers Office.

Credit Reference Agency Files
Records of IVAs are held for six years on credit reference agency files. The IVA is marked "complete" by the credit reference agency when they are informed of this by the IP supervising the IVA. Make sure you send a copy of the letter from your IP to the 3 credit reference agencies so that your credit file is up-dated. We have a factsheet on credit reference agencies that you may find useful. Phone us for advice

Complaints about insolvency practitioners

To complain about an insolvency practitioner you need to find out which authorising body they are registered with. This should be given to you by your IP. You should first make your complaint in writing to your IP. If you are still not happy then write to the authorising body for your IP. There is a useful leaflet called "How to make a complaint against an Insolvency Practitioner". You can get this from the Insolvency Service or Phone us for advice

The Law Society
113 Chancery Lane
Tel: 020 7242 1222
Tel: 0870 606 2500 (national rate)

The Competent Authority
The Secretary of State for Trade and Industry (SoS) Insolvency Practitioner Section
The Insolvency Service
P O Box 203, 21 Bloomsbury Street
Tel: 020 7291 6772

The Institute of Chartered Accountants (ICAEW)
Gloucester House
399 Silbury Boulevard Central Milton Keynes MK9 2HL
Tel: 01908 248 100

The Association of Chartered Certified Accountants (ACCA)
29 Lincoln's Inn Fields
Tel: 020 7396 5700

The Insolvency Practitioners Association
52-54 Gracechurch Street
Tel: 020 7623 5108

If the Insolvency Practitioner is acting as a Trustee in Bankruptcy you need to complain to the Official Receiver first, followed by the Insolvency Service.

For details of company liquidations or company disqualifications contact:

The Registrar of Companies
Companies House Crown Way Cardiff
CF14 3UZ
Tel: 02920 388 588

The author, Michael Sherriff, has been writting articles for the past five years relating to credit repair and money matters. His UK top selling ebook "UK Credit Secrets" has blown away the myths surrounding the credit industry and has been called the UK Credit Repair Bible since being released to the general public.

More details can be seen at UK Credit Secrets

In The News:

DRB Capital Goes After Structured Settlement Factoring Parasites  PRNewswireDELRAY BEACH, Fla., Jan. 15, 2019 /PRNewswire/ -- DRB Capital, LLC ("DRB Capital") today announced that as part of its continuing efforts to uncover and ...
DRB Establishes $100000 “Bounty” for Whistleblowers with Information About Illegal Conduct in the Structured Settlement Factoring Market  PR.comDelray Beach, FL, January 19, 2019 --( DRB Capital, LLC (“DRB Capital”) has established a private whistleblower fund to reward individuals who ...
Structured Settlements: A Guest Post on Advocate Capital  Legal ExaminerThank you to Advocate Capital for publishing our guest post titled, "Guaranteed Future Income with Attorney Fee Deferment." Here is an excerpt from the post.
Part One: Inside Structuring Attorney Fees & the JurisPrudent Deferral Program  Legal Talk NetworkLearn how to structure attorneys' fees to reduce tax burdens with deferred payments.
Automatic Renewal Law Awaiting Mayor Approval in Washington DC  LexologyWashington D.C. is in the process of enacting the Structured Settlements and Automatic Renewal Protections Act of 2018 (the “Act”). In part, the…
SenecaOne Launches Newly Redesigned Website to Provide Annuitants with the Easiest Way to Get Financing  PR WebBethesda, Maryland (PRWEB) January 16, 2019 -- SenecaOne, the only licensed lender in the country that caters specifically to structured settlement and.
Alternative Investing With Self-Directed IRAs  ForbesThere is a whole investing universe that extends beyond basic long positions in equity or fixed income investments. While stocks and bonds provide a solid ...
Bora Bora or Bust: Annuity Sales Incentives May Taint Structured Settlements for Accident Victims  Kiplinger's Personal FinanceDid you know that posh trips and other incentives are sometimes offered to those who recommend annuities for accident victims? Here's what consumers should ...
Managing Finances: Where to Start for a Brain Injured Loved One  Legal ExaminerOriginally published in Living Safer magazine. Tragedy can upend a family in many ways. For those dealing with brain injuries, for example, each comes wi.
US Claims Open for Business in Illinois  PRNewswireMOORESTOWN, N.J., Jan. 8, 2019 /PRNewswire/ -- U.S. Claims ( recently expanded its presence in the Midwest to include providing ...
Structured Settlement Industry Leaders Unite: Millennium Settlements separates from Integrated Financial Settlements and combines with The Settlement Alliance to form Sage Settlement Consulting  PR NewswireATLANTA and HOUSTON, Oct. 29, 2018 /PRNewswire/ -- Founded in 1984, Millennium Settlements, Inc. is separating from Integrated Financial Settlements, Inc.
Ametros Publishes White Paper on the Combination of Structured Settlements & Professional Administration  Business WireAmetros' white paper discusses pairing professional administration services with structured settlements to protect injured parties' settlement funds.
Tax Benefits Of Structured Settlements In Employment Cases  Law360With employment cases on the rise and many statutory provisions favoring plaintiffs, there are settlement-related tax implications that plaintiffs attorneys should ...
What is your Structured Settlement Worth?  Legal ExaminerBased on our recent post about the secondary market for structured settlement annuities, you know that transferring your rights due under your structured ...
DRB Establishes $100000 "Bounty" for Whistleblowers with Information About Illegal Conduct in the Structured Settlement Factoring Market  PR NewswireDELRAY BEACH, Fla., Aug. 8, 2018 /PRNewswire/ -- DRB Capital, LLC ("DRB Capital") has established a private whistleblower fund to reward individuals who ...
ASTA FUNDING (NASDAQ:ASFI) Files An 8-K Submission of Matters to a Vote of Security Holders  Market ExclusiveASTA FUNDING (NASDAQ:ASFI) Files An 8-K Submission of Matters to a Vote of Security Holders Item 5.07. Submission of Matters to a Vote of Security Holders.
Asta Funding Inc (NASDAQ:ASFI) Big Money Sentiment Crashed in 2018 Q3 to 0.5  Z TribuneAsta Funding Inc's Sentiment In 2018 Q3 Asta Funding Inc (NASDAQ:ASFI) big money sentiment decreased to 0.5, SEC filings reveal. So its down -0.13, from.
ASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers  Market ExclusiveASTA FUNDING, INC. (NASDAQ:ASFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; ...
Judge calls $10000 proposed payment from JG Wentworth unfair  Westfair OnlineDutchess Supreme Court Justice James D. Pagones has denied a request by J.G. Wentworth Co. to buy a Poughkeepsie accident victim's $478591 annuity for ...
Why Congress needs to reform structured settlements | TheHill  The HillPresident Trump's tax reform announcement is likely to jumpstart Congress' focus on reforming the federal tax code. Almost no industry is more vested in tax ...
Companies accused of misleading consumers about settlements will pay restitution, attorney general's office says  Baltimore SunA company accused of using misleading tactics to get consumers to take cash in exchange for settlements that would have given them regular payments over ...
Undisclosed, lavish trips are creeping into the injury settlement business  Yahoo FinancePacific Life has been offering brokers structured settlement industry trips, which are not disclosed to clients. This is a potential conflict of interest.
The Difference Between an Annuity and Structured Settlement  Huffington PostThe annuity and the structured settlement are two legal mechanisms used to pay out money to a person. There's a big difference between the two, though. Y...
Disgraced UK investment firm execs to pay £80m fine  International AdviserThe former chief executive and the ex-sales director of an investment firm that produced and distributed structured products to retail customers have just two ...
This structured settlement ABS comes with unusual risk: mortality  Asset Securitization ReportThe collateral for the $59.9 million transaction from DRB Capital includes life-contingent structured settlement receivables; when the beneficiary dies, the insurer ...
Judge denies payout in PSU victim's case | National and World  Daily Local NewsWEST CHESTER >> A request to transfer the assets of a multi-million-dollar structured personal injury settlement held by a victim in the Penn State sexual abuse ...
How to Invest in Structured Settlements  NasdaqStructured settlements are usually associated with compensation to injured plaintiffs following a legal hearing. They are more than just a mere.
What's A "Structured Settlement"?  ForbesLike so much else in the world, structured settlements are mostly about taxes.
Structures to separate from Integrated Financial Settlements (IFS)  PR NewswireATLANTA, Nov. 2, 2018 /PRNewswire/ -- Structures is separating from Integrated Financial Settlements, Inc. (IFS) to move forward as an independent company.
Stopping Structured Settlement Predators for Good This Time  Huffington PostNo matter how much you want to protect the privacy of someone receiving a structured settlement, someone else with a fancy computer or data mining progra...
J.G. Wentworth's next ABS features less exposure to annuities  Asset Securitization ReportJG Wentworth's second securitization of the year has more exposure to court ordered structured settlement and less exposure to annuity payments than its other ...
Symetra Completes Reinsurance Transaction with Resolution Re  Business WireSymetra has entered into a reinsurance agreement with Resolution Re.
Deferring Income as a Trial Lawyer with Structured Attorney Fees  Legal ExaminerEvery day, we at Milestone Consulting have an opportunity to elaborate on the concept of deferred income or structured attorney fees with lawyers, professional ...
4 Common Tax Questions on Structured Settlements  Accountingweb.comTax questions are plentiful especially at this time of year. But there are some questions that come up less often than others, especially for the standard ta.
Sticky for Samuda - Mission to regularise squatter settlements being slowed by suspect land owners  Jamaica GleanerMinister without portfolio in the Office of the Prime Minister Karl Samuda, who has responsibility for housing and lands, has warned that the Government will not ...
Lawsuit Alleges MetLife Mistake Helped a Woman Keep Settlement Money From Her Daughter  Wall Street JournalA lawsuit related to medical malpractice is the latest example of an unexpected problem popping up at MetLife from decades-old business.
Outlook for the life and structured settlements markets in 2016  Financier WorldwideFinancier Worldwide is a leading, widely respected information source covering corporate finance and board-level business issues.
Integrated Financial Settlements, Inc. (IFS) Announces Robert Lee as new Chief Executive Officer at IFS  PR NewswireATLANTA and DENVER, April 2, 2018 /PRNewswire/ -- Since the creation of Integrated Financial Settlements over a decade ago, the shareholders of IFS have ...
The structured-settlement industry is behind greater transparency  Washington PostThe National Association of Settlement Purchasers supports proposed legislation in Maryland and Virginia that would supplement existing measures in order to ...
Independent Insurance Group Announces Launch  PR NewswireDALLAS, April 30, 2018 /PRNewswire/ -- Company officials today announced the launch of the Independent family of companies including subsidiary affiliates ...
Asta Funding Inc (NASDAQ:ASFI) Institutional Investors Q3 2018 Sentiment  Thorold NewsAsta Funding Inc (NASDAQ:ASFI) institutional sentiment decreased to 0.5 in 2018 Q3. Its down -0.13, from 0.63 in 2018Q2. The ratio dived, as 3 investment ...
Protecting structured settlements in DC  Washington PostThe Post recently revealed, using lead-poisoning cases in Baltimore as an example, that unsophisticated people with structured settlements are being victimized ...
Best Structured Settlement Companies for 2018  ConsumerAffairsCompare the best structured settlement using expert ratings and consumer reviews in the official ConsumerAffairs buyers guide.
Valley National Bancorp (VLY) Analysts See $0.23 EPS; Asta Funding (ASFI) Sentiment Is 0.5  The FinHeadLinesAnalysts expect Valley National Bancorp (NASDAQ:VLY) to report $0.23 EPS on January, 31 before the open.They anticipate $0.05 EPS change or 27.78% from ...
Virginia's weak laws allow structured settlements for pennies on the dollar  Washington PostThe commonwealth allows unscrupulous deals for victims' structured-settlement payments.
How companies make millions off lead-poisoned, poor blacks  Washington PostBALTIMORE — The letter arrived in April, a mishmash of strange numbers and words. This at first did not alarm Rose. Most letters are that way for her ...
When a Qualified Settlement Fund is the Solution You Need  Legal ExaminerA qualified settlement fund (QSF) is a fund, account, or trust that holds settlement proceeds. A QSF is a settlement escrow that allows for proper settlement ...
Skadden's 2019 Insights: 2018-19 Supreme Court Update | Skadden, Arps, Slate, Meagher & Flom LLP  JD SupraMuch of the attention on the U.S. Supreme Court in the 2018-19 term has concerned its composition or its handling of cases involving some of the signature ...
Congress' duty to investigate structured settlement fraud  The HillCongress' good intention with these structured settlements has devolved into a system of deception and financial swindling.
Bonding Requirement Added for Maryland Structured Settlement Companies  Insurance JournalA new bonding requirement for structured settlement factoring companies in Maryland took effect on October 1. The bonding requirement was introduced with.
Maryland attorney general urges structured settlement reforms  Baltimore SunMaryland's attorney general urged lawmakers on Thursday to give his office the ability to regulate deals offered by businesses that buy legal settlements at steep ...
Insurer Great-West Lifeco seeks to sell $2 billion worth of contracts: sources  ReutersGreat-West Lifeco Inc , Canada's second-biggest insurance company, is exploring the sale of a collection of insurance contracts that could fetch as much as $2 ...
The Beginnings of Structured Settlements  ClaimsJournal.comCurrently an estimated $5 billion industry, structured settlements were once considered too risky because tax implications for insurers and claimants.
5.88% Less Asta Funding Inc (NASDAQ:ASFI) Shares Shorted  K ReviewerDuring Q3 2018 the big money sentiment decreased to 0.5. That's change of 0.13, from 2018Q2's 0.63. 3 investors sold all, 3 reduced holdings as Asta Funding,
Independent Assignment Company Announces Strategic Contract with ALM Media  PR NewswireDALLAS, May 15, 2018 /PRNewswire/ -- Company officials today announced that Independent Assignment Company (IAC) will contract with ALM Media to help ...
Bill to reform structured-settlement industry advances in Virginia House  Washington PostRICHMOND — A Virginia House of Delegates committee on Tuesday advanced a bill intended to reform an industry that critics say has made millions of dollars ...
Attorney General's office and attorneys spar over settlement for lead paint victims  Baltimore SunThe Maryland Attorney General's office is seeking to block a settlement for lead paint victims who sold off their structured settlements for pennies on the dollar.
Some structured settlements may offer significant advantages  CBS NewsStructured settlements don't seem to be a good deal for investors, but their non-securitized counterparts might be.
What is a Non-Qualified Assignment?  Legal ExaminerYou have likely heard the term “structured settlement,” which refers to a system in which a plaintiff receives payments from his or her settlement over time rather ...
Resolution Re reinsures $5.7bn of Symetra Life annuity liabilities  Reinsurance NewsResolution Re has entered into a reinsurance agreement with Symetra Life Insurance Company to transfer financial responsibility for all of Symetra's.
Focus: Case considers effect of family law issues on structured settlements  Law TimesA judge has rejected a mother's claim to have her paralyzed ex-husband's support payments based on the entire damages award received through a structured ...
DRB Capital Files Motion to Include Principal, Kobi Ribak  PR NewswireDELRAY BEACH, Fla., July 18, 2018 /PRNewswire/ -- DRB Capital, LLC ("DRB Capital") has filed a motion with the Circuit Courts of Broward County, Florida to ...
Rising Capital Associates Announces 'Structured Settlements' Scholarship  PR NewswireDELRAY BEACH, Fla., Dec. 1, 2016 /PRNewswire/ -- Rising Capital Associates, a leading structured settlement purchaser and annuity buyer, is giving a $1000...
JG Wentworth markets $140.5M structured settlement ABS  Asset Securitization ReportJ.G. Wentworth is sponsoring its second securitization of the year in a $140.5 million bond sale backed by receivables from term structured-settlement ...
Lottery decision — lump sum or 30 years of payouts?  Marketplace APMWhen you inevitably win the Mega Millions jackpot lottery (just kidding, the odds are 1-302,575,350), you're going to have a lot of decisions to make: which ...
Geoffrey P. Kissel Installed as the New President at NSSTA  PR.comThe National Structured Trade Association announces New President, Geoffrey P. Kissel and New President-Elect Michelle Caine. Two new Board Members, ...
Yanela Frias to lead Prudential's Structured Settlements business  Business WireYanela Frias has been named head of Prudential Retirement's Structured Settlements business. A financial services industry veteran, she has worked acr.
Guardianship vs Settlement Trust: Which is the better solution?  Legal ExaminerWhen a person is injured, they can suffer any number of life-changing medical complications. In some cases, they may be rendered incapacitated. Legally, this ...
Structured Settlements, Annuities & Special Needs Trusts  Legal ExaminerPersonal injury lawsuits involving minor or moderate injuries are often settled with lump sum payments, in which the entire settlement amount is simply paid to ...
Think Twice Before Selling a Settlement  NerdWalletIf you're getting regular payments from an annuity or other structured agreement, "factors" may offer to buy it. Think twice before selling a settlement.
The flawed system that allows companies to make millions off the injured  Washington PostFirms make tens of millions off some of the state's most vulnerable residents who at times exchange lifetimes' worth of income for pennies on the dollar.
New Appeals Clarify Interplay Between Collateral Benefits and Damages Awards in MVA Claims  LexologyOn December 4, 2018, the Ontario Court of Appeal released its reasons for decision in the companion appeals Carroll v. McEwen (Carroll) and Cadieux v…
No More Tax Deductions for Bad Actions  CFO MagazineThe new tax law disallows previously available tax deductions for settling government agency enforcements and sexual harassment claims.
Qualified Settlement Funds Are a Useful Settlement Planning Tool (And Not Just for Plaintiffs)  Legal ExaminerThe use of qualified settlement funds (QSFs) is mainstream practice across mass tort settlements, but it is still an emerging practice in single event and individual ...
Benefits of Using Structured Settlements in Claims Negotiations  ClaimsJournal.comAt zero expense to the carrier, tax-free, and tailored to fit the needs of the claimant, structured settlements are a powerful tool claims personnel can.
The Truth About Credit Card Debt Settlement  U.S. News & World ReportWhen faced with the possibility of getting no repayment from you at all, your credit card company may be willing to negotiate with you for less than the full amount ...
J.G. Wentworth names new CEO, plots expansion of mortgage business  HousingWireBack in 2015, The J.G. Wentworth Company, the purchaser of structured settlement payments, annuity payments, lottery payments and other receivables that ...
199A 20% Deduction for Attorneys? Attorney Fee Structure  Legal ExaminerUnder the recent Tax Cut and Jobs Act, a gem of a deduction exists for passthrough entities, which most law firms are. Most of our clients are plaintiff contingency ...
How Analysts Feel About Asta Funding, Inc. (ASFI) After Forming Wedge Up Pattern?  MoneyMakingArticlesInvestors sentiment decreased to 0.5 in 2018 Q3. Its down 0.13, from 0.63 in 2018Q2. It worsened, as 3 investors sold Asta Funding, Inc. shares while 3 reduced.
Integrated Financial Settlements, Inc. (IFS) Launches New Company: Structures  PR NewswireATLANTA, Sept. 28, 2017 /PRNewswire/ -- Integrated Financial Settlements, Inc. (IFS) is proud to announce the launch of Structures, a new company in the ...
AM Best Downgrades Credit Ratings of ERAC Group Members  Associated PressOLDWICK, N.J.--(BUSINESS WIRE)--Nov 7, 2018--A.M. Best has downgraded the Financial Strength Rating (FSR) to B+ (Good) from B++ (Good) and the ...
Moody's assigns definitive ratings to J.G. Wentworth structured settlement securitization  Moodys.comNew York, December 19, 2017 -- Moody's Investors *Service* ("Moody's") has assigned definitive ratings to two classes of notes issued by J.G. Wentworth XL LLC ...
Pros And Cons Of Structured Settlement Annuities  Law360A structured settlement annuity that pays at a predefined periodic frequency is often employed in resolving personal injury cases and has received wide support ...
Ryan Jandreau Joins Arcadia as Vice President of Business Development  PR NewswireDENVER, May 2, 2018 /PRNewswire/ -- Arcadia Settlements Group announced today that Ryan Jandreau will join the company as Vice President of Business ...
Structured settlements can last a lifetime - Buffalo Business First  Buffalo Business FirstWhen a personal injury case settles or a verdict is reached, the resulting award to the plaintiff is tax-free. If placed into a structured settlement, which is similar to ...
How structured settlement buyout offers work  CreditCards.comStructured settlement buyout firms let you get cash quickly in exchange for giving up a stream of payments you got from a lawsuit settlement or accident claim.
Law Firm Firm Accused of Faking Structured Settlement Approvals  Insurance JournalStone Street Capital LLC sued a Manhattan law firm it retained to seek court approvals for structured settlements, claiming the firm gave them 76 fake.
Have your say on medical negligence claims in public healthcare  News24The new State Liability Amendment Bill is out for public comment. Have your say on scrapping lump sum settlements over R1m and other proposals.
Exclusive: GE seeking to shed troubled insurance business - sources  Reuters(Reuters) - General Electric Co (GE.N) is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges ...
EPS Settlements Group rebranded as Arcadia  PR NewswireDENVER, June 26, 2017 /PRNewswire/ -- EPS Settlements Group announced today the company's refreshed brand, including its new name – Arcadia – and ...
AIG accused of racketeering in structured settlement business  ReutersInsurance giant American International Group has been hit with a racketeering lawsuit accusing it of unlawfully charging successful personal injury and workers' ...
Lead-poisoning settlement deals draw scrutiny, calls for reform  Baltimore SunMaryland lawmakers are vowing to investigate and clamp down on companies that "buy" lawsuit settlements after learning that hundreds of Baltimore lead ...
When Judgments on Sexual Harassment Become Taxable  Accountingweb.comEA Craig Smalley discusses whether income from a legal award is taxable. It depends, he says.
Workers' Comp Structured Settlements Beneficial in Medicare Set Asides  ClaimsJournal.comStructured settlements can be beneficial in resolving workers' compensation claims involving Medicare Set Asides (MSAs), according to industry experts.
Two years later, $2.5M awaits kids sickened by Reno's worst-ever E. coli outbreak  Reno Gazette JournalMore than two years after they got sick from eating E. coli-tainted chocolate mousse cake at two Reno restaurants, six children are now awaiting a Washoe judge ...
Asheville set to pay settlement to pedestrian beaten by police officer  Asheville Citizen-TimesAsheville is expected to soon finalize a monetary settlement with the unarmed black pedestrian beaten by a white police officer in August 2017.
Pension Company Adds Leading Structured Settlement Brokers, Builds West Coast Operations  GlobeNewswireKING OF PRUSSIA, Pa., June 3, 2015 (GLOBE NEWSWIRE) -- via PRWEB -
Moody's assigns provisional ratings to J.G. Wentworth structured settlement securitization  Moodys.comOn December 12, 2017, the press release was corrected as follows: due to an internal administrative error, the wrong version of the press release was initially ...
Structured settlement company Future Income Payments behind suit against CFPB  Legal News LineWASHINGTON (Legal Newsline) – A previously anonymous company that filed suit against the Consumer Financial Protection Bureau (CFPB) last year has now ...
ConocoPhillips says PDVSA agreed to pay $2 bn to settle dispute  Yahoo NewsVenezuela has agreed to pay a $2 billion settlement to US oil giant ConocoPhillips, to stop the seizure of the South American nation's assets, the American firm ...

Structured Settlement Factoring

Have you received a structured settlement recently? A structured settlement... Read More

How To Form a UK Limited Company

When starting a business, a large number of people go... Read More

Surviving High Debt States

Are you more likely to have more debt according to... Read More

The Target Capital Structure

Firms can choose whatever mix of debt and equity they... Read More

Structured Settlements Offer Advantages over Lump-Sum Payments

A structured settlement, which offers injury victims cash payments through... Read More

Making Backwards Choices

I was reading this past week about a woman who... Read More

When Should You Not Cash Out Your Annuity?

You should not cash out your annuity when it's not... Read More

The Cost of Not Having Money

The self-esteem factor of not having enough money is underestimated.... Read More

Structured Settlements ? Should You Sell Yours?

In recent years, it has become more common for victims... Read More

The Cash Now Question

If you have ever been in a bind for cash... Read More

Cash For Structured Settlements - The Smart Way

For most people when they buy a house it is... Read More

What is Structured Settlement?

Because it is tailor-made for individual cases, the structure may... Read More

Investing in Structured Settlements

Often some derelict will be awarded some huge amount of... Read More

Should You Sell Your Structured Settlement?

The courts have just awarded you a settlement in the... Read More

Structured Settlement as an Investment Vehicle

You always hear people talking about the latest investment vehicle... Read More

Consider a Structured Settlement?

Structured settlements have been around for a long time however... Read More

Individual Voluntary Arrangements. IVA

What is an IVA?There is an alternative to bankruptcy called... Read More

Keeping the Lawsuit End in Mind

2 key points to stay focused on, as you are... Read More

A Revolutionary Fundraising Opportunity -- Life Settlements

Amid fundraisers' growing concerns about the current charitable giving climate,... Read More

What is a Trust and what are the Benefits?

Trusts are becoming a popular way to structure business and... Read More

Class Action Lawsuits

First of all, let me say that anyone who has... Read More

Unstructured Settlement

Me'Lisa Delaney, 43, is brain-injured as a result of a... Read More

Structured Settlement ? Guaranteed Income for those with Disabilities

Up until twenty years ago, anyone who won a lawsuit... Read More

If This Describes You, Dont Cash out Your Annuity

There are companies that purchase future payments. Personal injury settlements... Read More

A Structured Lawsuit Settlement Seemed Like a Good Idea at One Time

You are receiving payments spread out over months, years, even... Read More