Recent Case Law Developments Regarding the Transfer of Structured Settlement Payment Rights – An Update
By David K. Hou, Esq. This article provides an update on recent cases regarding the transfer of structured settlement payment rights in New York. The New York Structured Settlement Protection Act (“SSPA”) requires judicial approval for the transfer of structured settlement payment rights. In 2004, the SSPA was amended to eliminate the requirement that a […]
Structuring a Forbearance Agreement for a Lender
By Mark A. Costello, Esq. When a loan goes into default a lender, for any number of reasons, may determine that pursuing or continuing a foreclosure against its security is not its best option. Concomitantly, a borrower may wish to attempt to bring a loan current or to obtain takeout financing to make a lender […]
Business Succession Planning – How the New Estate Tax Laws Can Help or Hinder the Process
By: Sherman F. Levey, Esq., Counsel In 2001, Congress passed probably the most cynical tax legislation in its history when it provided that the federal estate tax would be reduced over a period of years (by increasing exemptions, etc.), would be completely repealed only for the year 2010, and then fully reinstated to the 2001 […]
