Structured Settlements

NSSTA was selected to present to the South Carolina Judiciary about structured settlements and structured settlement factoring. 

Susan Stauss with Cozen O’Connor, Sandy Jones with Faegre Drinker, and John McCulloch with IFS represented the National Structured Settlements Trade Association(NSSTA) to provide information about the history and benefits of structured settlements for injury victims and their families. 

A person may be injured in the line of work and file a lawsuit for compensation, which can be given as a lump sum or a structured settlement. A structured settlement is whereby the affected person gets a steady amount of payments for some time. This is the best-preferred method, but it also comes with some setbacks, especially when the person needs a large amount of money to offset medical bills or buy a house. That is where a third-party company, mostly called “factoring companies”, comes into place to help.