viagra without prescription canada

Archive | Lottery

New Jersey Tax Court Bars State From Taxing Installment Payments for Winning Lottery Bought Before 2009 Change in State Law

October 03, 2016  |   Posted by :   |   Lottery   |   Comments Off on New Jersey Tax Court Bars State From Taxing Installment Payments for Winning Lottery Bought Before 2009 Change in State Law

The State of New Jersey taxes lottery winnings, but only after the state changed its tax law in 2009.  Several plaintiffs challenged various ways that the state attempted to collect taxes on winnings that were based on lotteries won, or lottery tickets purchased, before the 2009 change in the law, and last week the state’s tax […]

Read More »

News Report: Wisconsin Appeals Court Says Lottery Assignment Contravened Statute, So State Gets to Keep $423,000

February 17, 2016  |   Posted by :   |   Lottery   |   Comments Off on News Report: Wisconsin Appeals Court Says Lottery Assignment Contravened Statute, So State Gets to Keep $423,000

A company that entered into an agreement to purchase a lottery winner’s future payments “has no rights to about $429,000 the state of Wisconsin witheld to cover the original winner’s tax bill”, according to a report in the Milwaukee Journal Sentinel regarding a recent opinion from the Wisconsin Court of Appeals. The opinion “says [lottery […]

Read More »

Illinois Lottery Winners Lose In Court Over State’s Failure to Make Payments

December 10, 2015  |   Posted by :   |   Lottery   |   Comments Off on Illinois Lottery Winners Lose In Court Over State’s Failure to Make Payments

A federal court ruled this week that the state of Illinois is immune from claims filed in a lawsuit by lottery winners who have not received recent payments from their winnings. Illinois earlier this year stopped paying lottery payments to winners, due to the fact that the state failed to adopt a budget for the coming […]

Read More »

Factoring Company’s Attempt to Collect ‘Advance’ Was an Impermissible ‘End Run’ Around Lottery Assignment Statute, Says Appeals Court

October 07, 2015  |   Posted by :   |   Lottery   |   Comments Off on Factoring Company’s Attempt to Collect ‘Advance’ Was an Impermissible ‘End Run’ Around Lottery Assignment Statute, Says Appeals Court

By statute, when someone wins the Massachusetts lottery and is entitled to receive the lottery winnings over time, the winner can sell the rights to the future payments only if an “appropriate judicial order” enters regarding the sale. So, what happens if a lottery winner enters into an agreement with a factoring company to sell […]

Read More »

Time Magazine Reports That Illinois May Not Cut Checks for Lottery Winnings

September 01, 2015  |   Posted by :   |   Lottery   |   Comments Off on Time Magazine Reports That Illinois May Not Cut Checks for Lottery Winnings

What happens when a state cannot cut checks for lottery winnings?  In Illinois, those who care about bigger lottery pay-outs, may soon find out, as Time magazine reports that the state of Illinois will stop cutting checks for larger lottery winnings.  For more, see the Time article, Illinois Says It Can’t Pay Big Lottery Winners, […]

Read More »

Florida Appeals Court Rules in Long-Running Lottery Factoring Dispute

July 31, 2015  |   Posted by :   |   Lottery   |   Comments Off on Florida Appeals Court Rules in Long-Running Lottery Factoring Dispute

A dispute between two factoring companies over a stream of lottery payments began in 1999. One company, Prosperity Partners, sued the other company, Settlement Funding. There were years of litigation that included “many, many” subpoenas of the payee, according to Prosperity Partners. And the lottery winner “disappeared, reappeared” and “disappeared again” – again, according to Prosperity […]

Read More »

More About Arizona Appellate Opinion Concerning Lottery Dispute

January 22, 2015  |   Posted by :   |   Lottery   |   Comments Off on More About Arizona Appellate Opinion Concerning Lottery Dispute

Last year, Secondary Insurance Market Blog included a number of posts about disputes between factoring companies.  One such post described an appellate opinion from Arizona concerning a lawsuit between two factoring companies over a lottery payment factoring dispute: Arizona Appeals Court Rules For Winner Of Race To The Courthouse In Legal Battle Between Two Factoring Companies […]

Read More »

Appeals Court: New Jersey Lottery Assignment Law Means Last Two-Year Stretch of Winner’s Payments Can’t Be Sold

October 27, 2014  |   Posted by :   |   Lottery   |   Comments Off on Appeals Court: New Jersey Lottery Assignment Law Means Last Two-Year Stretch of Winner’s Payments Can’t Be Sold

A number of states have statutes that govern the assignment of lottery prize payments.  New Jersey’s, enacted in 1998, contains a provision that says that a lottery winner cannot sell “the last two annual prize payments”.  This phrase, argued factoring company BofI Federal Bank in a case decided this month (In re: Petition of BofI […]

Read More »

Arizona Appeals Court Rules For Winner Of Race To The Courthouse In Legal Battle Between Two Factoring Companies Over Lottery Payments

May 29, 2014  |   Posted by :   |   Lottery   |   Comments Off on Arizona Appeals Court Rules For Winner Of Race To The Courthouse In Legal Battle Between Two Factoring Companies Over Lottery Payments

Earlier this week, an appeals court issued an opinion in a lawsuit between two factoring companies over a structured settlement factoring dispute.  See In Dispute Between Factoring Companies, Appellate Court Says An Order Is Not A Statute Under Tennessee Structured Settlement Protection Act. That opinion followed another appeals court opinion issued earlier this month in a […]

Read More »

Another Lottery Winner’s Cautionary Tale

March 25, 2014  |   Posted by :   |   Lottery   |   Comments Off on Another Lottery Winner’s Cautionary Tale

A Kentucky man’s tale of winning the lottery and then dying broke recently made headlines in the United Kingdom, and it has also caught the attention of in the U.S. The Daily Mail earlier this month published a story under the headline: “Tiffany’s father won a $27m Powerball jackpot when she was 11.  A decade […]

Read More »