Damon Duncan

What Is A Disability Rating In A Worker’s Compensation Case?

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Do I Have To Pay Taxes On Workers’ Compensation Settlements?

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The task of fighting for, being approved and actually receiving your workers’ compensation settlement is daunting enough, but what are you to do when you file taxes? Do you pay taxes on the settlements? Should you be setting money aside to cover that?

Circling a Date on CalendarThe answer to your question is no. Workers’ compensation settlements are fully tax-exempt if paid under the Workers’ Compensation Act; according to Publication 907, “Workers’ Compensation for an occupational sickness or injury if paid under a Workers’ Compensation act or similar law” is exempt.

Workers’ Compensation is in the same category of non taxable income as the following:

Payments from public welfare fund.

Compensatory (but not punitive) damages for physical injury or sickness.

Disability benefits under a “no fault” car insurance policy for loss of income or earnings capacity as a result of injuries.

Compensation for permanent loss or loss of use of a part or function of your body, or for your permanent disfigurement.

Your workers’ compensation settlement (and weekly benefits) being tax exempt is important. Not having to pay taxes on those benefits could save you thousands of dollars. Should you feel as if you have been injured on the job and deserve compensation, please feel free to contact our office and set up a free consultation to discuss your possible case.
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What Is A Rule 2004 Examination In A Bankruptcy?

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The Rule 2004 Examination is adapted from the civil “discovery” process in a case.  It allows debtors, bankruptcy Trustees and any other party in interest in a bankruptcy case to examine “any entity” (meaning whatever part of the bankruptcy and its dealings that they choose) as long as the examination relates to, according to Rule 2004 (b) under Section 343 of the Bankruptcy Code,  “acts, conducts, or property, or to the liabilities and financial conditions of the debtor, or to any matter which may affect the administration of the debtor’s estate, or to the debtor’s right to discharge”.

A creditor may request the Rule 2004 examination or a representative on behalf of the creditor(s) may request permission to complete the Rule 2004 examination. The Rule 2004 examination is the Bankruptcy Code’s form of a deposition.

A deposition is an opportunity for creditors or other interested to ask questions under oath. The answers to those questions can be used as evidence against the Debtor in an adversary proceeding or in an objection the discharge of debts. The Rule 2004 examination typically last a couple of hours but could be longer or shorter depending upon the complexity of the situation and the amount of questions a creditor has.

As an advocate for debtors, we cannot stress, to the highest degree, how important it is to make sure that you disclose everything to your bankruptcy attorney.  In conjunction with your attorney you should be completely honest on your bankruptcy paperwork. An experienced bankruptcy lawyer can usually take steps to help you avoid a Rule 2004 examination or can help defend your deposition during a Rule 2004 examination.
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What Is Temporary Total Disability In A Workers’ Compensation Case?

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[av_section min_height=” min_height_px=’500px’ padding=’default’ shadow=’no-shadow’ bottom_border=’no-border-styling’ id=” color=’main_color’ custom_bg=’#d7d8ca’ src=” attachment=” attachment_size=” attach=’scroll’ position=’top left’ repeat=’no-repeat’ video=” video_ratio=’16:9′ overlay_opacity=’0.5′ overlay_color=” overlay_pattern=” overlay_custom_pattern=”] [av_heading heading=’What Is Temporary Total Disability In A Workers’ Compensation Case?’ tag=’h1′ style=” size=” subheading_active=” subheading_size=’15’ padding=’10’ color=” custom_font=”][/av_heading] [/av_section][av_textblock size=” font_color=” color=”] Temporary total disability is a legal term, also known as … Read more

Can I Collect Rent If I’m Surrendering Rental Property in Bankruptcy?

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Rental properties can be a great source of income until a renter moves without notice or fails to pay or that rental income starts to be used for your personal household expenses.  As situations arise, many people are finding it necessary to file bankruptcy and surrender the extra properties and the mortgages that come along … Read more

Do Credit Repair Services (After Bankruptcy) Actually Work?

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In this age of information it can be tough to discern which tasks we are capable of handling ourselves and which tasks we should leave to the professionals.  As bankruptcy lawyers we have clients who contact us on a regular basis and ask if they should hire a credit repair company to rebuild their credit. … Read more

How Do I File For Unemployment Benefits in North Carolina?

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Can I Be Paid for Travel Expenses During My Workers' Compensation Case?

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Yes, a claimant may fill out a Form 25T and request to be reimbursed for travel expenses and mileage incurred due to medical treatment visits.  However, not every trip will be reimbursed.  In order to collect on mileage, the trip for the medical treatment must be more than 20 miles roundtrip.  Moreover, special consideration for … Read more

Are Medical Bills Paid Under My Workers’ Compensation Case?

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