What Is A Form 28C In A North Carolina Workers’ Compensation Case?

Form 28C in regards to workers’ compensation is entitled “Report of Employer or Carrier/Administrator of Compensation and Medical Compensation Paid Pursuant To a Compromise Settlement Agreement”.  Try saying that three times fast!  A Form 28C is filed after the case has been settled between the client and the employer / insurance company and addresses the issue of when the settlement check(s) will be issued.

Under N.C. Gen. Stat. § 97-18(e), the employer/administrator has 10 days to provide compensation to the plaintiff, although under N.C. Gen. Stat. §97-18(g), an additional 14 days can be granted.  Finally, once the check has been issued/mailed to the claimant, Form 28C is filed with the Industrial Commission that clearly states the date when the settlement check was issued and the total amount.  This is to protect the carrier or administrator from a future lawsuit if the claimant attempts to say they didn’t issue their settlement proceeds within the 24 days.  Again, it’s important to remember that this form is filed with the Industrial Commission after the compromise has been reached by both parties.

Do I Need An Attorney for My Workers’ Compensation Case?

The decision to hire an attorney is often based on the severity of the worker’s injury. If the injury is limited to a sprained ankle or broken wrist that is expected to heal with limited future medical treatment, the employee may choose not to hire an attorney to represent him in the workers’ compensation claim. However, employees that suffer back injuries, head injuries or traumatic injuries to a limb will usually benefit from hiring an attorney to assist with the workers’ compensation case.

How Much Is My Workers’ Compensation Case Worth?

The amount of a workers’ compensation settlement may vary greatly depending on the case. The settlement is limited by North Carolina law and depends on the severity of the injury and the body part(s) injured in the accident.

What is a Reverse Mortgage?

A reverse mortgage is a loan borrowed against the equity in your home. You must be at least 62 years old to qualify for a reverse mortgage, so it is often used by people of retirement age to supplement Social Security or other retirement income.

What Is Form 30D In North Carolina Workers’ Compensation?

When you are involved in an accident that occurs on the job, there are a number of necessary worker’s compensation forms that need to be completed and then submitted to the appropriate office. One of these forms is called Form 30D.

Can I File Bankruptcy If I have a Trust Fund?

Female on White BackgroundWhen it comes to bankruptcy, it’s important to know the limitations of a bankruptcy. One area we occasionally have people ask about is whether they can file bankruptcy or not if they have a trust. To answer this question, yes; generally speaking, someone with a trust fund is more than likely able to file a bankruptcy.

There are two different types of trusts. There is a revocable trust and an irrevocable trust. A revocable trust is when the grantor (the person who created the trust and put property into it) of the trust has full access and control over the trust and at any given time can access the property in the trust. This is true only until the passing of the grantor. The beneficiary of the trust (the person that will receive the trust) is not able to control the assets of the trust until the grantor of the trust is deceased. Even then, the beneficiary may not have full control over what happens to the trust. This is due to there being provisions and rules associated with the trust that may limit what the beneficiary can do with the trust and the assets in the trust.

An irrevocable trust means the trust cannot be changed, and the assets in the trust cannot be accessed, without permission from the beneficiaries. This is because the grantor of the trust has given up their rights of ownership of the assets in the trust. The beneficiaries may not be able to access a trust instantly, but because the grantor has removed their ownership rights, the beneficiaries of the trust have some legal rights to those assets.

The main concern with trust funds is whether or not the trust can be protected from creditors. There are many allowances that will let you protect a trust. One of the most common allowances in the legal field is a “spendthrift” clause. A spendthrift clause can limit creditor’s claims to trust assets, regardless of whether the trust is revocable or irrevocable.

If you are a beneficiary or a grantor of a trust fund, and you are considering filing for bankruptcy, it is very important that you make your attorney aware of the trust. You should also have your bankruptcy attorney or trust attorney look over the trust and contract to be sure that it can be protected from creditors.