The settlement would be considered permanent disability benefits - the code 704.160 mentions temporary benefits "before payment" but not permanent.
it is included as exempt
Does it matter whether I choose to receive periodic payments with future medical or if I choose a lump sum buyout? I'm most likely going to choose the buyout.
If lump sum is okay, do I need to deposit it into a specially vested account?
yes you need to keep the money segregated
How do you file for exemptions? Is it a special form you use or something?
it is part of your bankruptcy petition
Can the creditor dispute an exemption and is it subject to any interpretation?
everything can be disputed
Does the timing of my settlement in relation to my BK filing have any impact?
I suggest that you meet with a local experienced bankruptcy attorney. You will want to be certain that your lawyer specializes in bankruptcy.
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