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An Ethical Dilemma
Beginning of essay
“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 ....
Middle of essay
....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 only one leg from his accident, and now relies on public assistance. Though some are pleased with this service, it can also be concluded that this service can mean disaster for certain clients. So how does the government feel about factoring companies?
Congress actually passed a law to help beneficiaries of large damage awards, but the factoring c.... |
| Number of words: 548 |
Approximate pages: 2 |
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