Winning a civil lawsuit means you will get a settlement to help you with paying medical bills or allow you to take care of important expenses. But unfortunately, in most cases, the plaintiff gets structured settlements, which means they will be paid a small amount each month or year. An arrangement like this is not helpful for the plaintiff and can cause financial problems for them.
But there is a very helpful solution for such people in the form of companies that buy structured settlement payments. You can sell structured payment plans in multiple ways.
Find a Reliable Company or Buyer
A few companies and buyers buy structured settlements from plaintiffs and give them a lump sum payment. But you don’t want to sell structured settlement payments to a company or buyer who wouldn’t pay you the lump sum. So, do your research and make sure that the company you are selling your structured settlement to is reliable.
Go Over the Documents with an Attorney
When it comes to legal matters you should always turn to an attorney for help. When you decide to sell structured settlement payments you will have to get a quote and a disclosure statement. Before you decide to sign the contract, go over the documents with an attorney of your choice. Don’t sell structured settlement payments to a company if they are not offering you a good quote.
Wait for the Judge’s Approval
Once you have signed the contract, the buying company will file the documents with the court. Once the judge approves the sale you will get your money. But you will have to wait a couple of months for the approval. However, it is better than waiting for years to get your settlement.
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