Litigation

Is a factoring company who feels bad an anomaly?  Structured Settlements 4Real has learned that 43 year old Florida woman, who can no longer work, who is structured settlement annuitant, who has not even received her closing paperwork is looking her sell her entire recently created structured settlement and shopping. She has already contacted Stone Street Capital and Peachtree Settlement Funding and others, including our source who believes that the woman should stay with the structured settlements.

• Who is giving this woman financial advice?
• Was she working with a settlement planner?
• Was she presented with a settlement plan?
• Were other alternatives presented such as a 130X trust, a settlement conservation trust or a blend of a structured settlement with one of these trusts?

Three structured settlement annuities Hartford Life $3,500/month for 30 years certain and life, Metropolitan Life $3,500/month for 30 years certain and life and American General Life $4,650/month for 30 year certain and life are on the table.

The "factoring company with a conscience" estimates that this woman is being seduced by the prospect of a cash lump sum in the range of $1.5MM-$1.6MM. This means that the cost of the structured settlement that is still pending is likely in excess of $2.5MM

As the case is still pending I am publishing this because if this woman sells it is a financial disaster for this woman. The structured settlement broker will have made an estimated commission in the range of $100,000 or more and then the factoring company will come in with a huge discount.

Perhaps all three life insurance companies and the structured settlement broker involved in this case will able to identify the case from this limited information and do something positive. I will know the name of the structured settlement broker before the investigation of this matter is complete. I encourage them to contact me to discuss this matter so our readers know his or her side of the story.The Florida Justice Association should consider canvassing its members to avoid a travesty. According to the "factoring company with a conscience", despite its stringent disclosures Florida is the one of the easiest states to get a factoring deal approved.

IT IS IN THE PUBLIC INTEREST TO IDENTIFY THE FACTORING COMPANY THAT WOULD TAKE ON SUCH A CASE!