Litigation

I spoke to a structured settlement recipient this morning who tells me that she was inundated with solicitations from factoring companies despite her settlement, including the structured settlement, being subject to a confidentiality agreement.  Her settlement emanated from a Texas 468B Trust. The solicitations began within one week of her settlement in 1997 and continue to this day. The factoring companies are even calling the tort victim's grandma in an aggressive effort to get to the the victim and to get her to part with her money.

The subsequent sale of structured settlement payment rights may have result in the distribution of a tort victims' confidential personal identifiable information if safeguards are not put in place.

Part of the due diligence on such transaction should include whether that entity has a privacy policy.

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