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An Ethical Dilemma
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"Settling for less," a recent article in U.S. News, discusses the somewhat newfound entity of "factoring companies." These factoring companies provide a lump sum cash amount in return for a beneficiary's future payments. This lump sum amount, as you may have guessed, is considerably less than the full amount that would be received if the benefic ....
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..... Wentworth. He sold his remaining future payments of $67,500 for the lump sum of $16,100. He is now homeless again and has nothing left to sustain him. Another client by the name of Raymond White was awarded a $198,000 settlement but cashed in his future payments for a lump sum total of $54,000. This money did not last long. He is left with o.... |
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Page count: 2 |
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