im trying to find a lawyer to help file the papers to have my structured settlement funds released to me. i only have two more payments one is this september the other is next year i know that it will have to be put efore a superior court judge for him to sign off on it since it is over $10,000. i need to find a lawyer to help me so i can start recieving treatment for some recent health problems ive developed but i cant seem to find a lawyer that does anything even close to what im looking for.
Part of the reason you may be having a problem finding an attorney for this is because almost all of us (myself included) think this is a very bad idea. Almost always, the attempts to "cash in" on a structured settlement is done at terms that are very adverse to the beneficiary (injured party). There are businesses that emphasize providing current lump sums in exchange for your future payouts. But instead of trying that first, I might suggest that you go to your current health providers to work out financial arrangements. It may well be that they give you more favorable treatment that a structured settlement payout company. Frankly, you may also go to a bank for a loan, and perhaps using the settlement payout as collateral.
MIKE DAISLEY is a licensed attorney in the State of NORTH CAROLINA. The response herein is NOT formal legal advice and is NOT intended to address the full specifics of the question posed. The above response is in the form of general legal education and is intended to provide only basic information. Questions often leave out critical facts which could significantly change the reply. ALL READERS ARE STRONGLY ADVISED to confer with a competent and experienced attorney to get a more complete answer.
May I suggest you read my legal guide on this topic, "The Truth About Selling Structured Settlement Payments."
I know that sometimes your financial needs were not anticipated when the structure was set up, and thankfully 47 state legislatures (including North Carolina) have enacted laws that set forth a procedure for selling future payments in order to generate a more immediate lump sum.
If I understand your question correctly, you have a personal injury structured settlement and would like to sell some portion (or all) of the remaining future payments to fund some medical treatments. As the legal guide explains, your first step here is to find a financing company that will buy your payments. There are plenty of them, and I suggest you shop around a bit.
Best of luck to you, and I wish you well with this process and your medical treatments.
I am an attorney licensed to practice in the state and federal courts of Texas only. Any responses provided herein are offered for educational purposes only. No attorney-client relationship is created through the use of this forum, and cannot be created through asking and answering questions here. You are strongly encouraged to hire a lawyer.
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