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: Structured Settlements 4RealStructured Settlement "Seminal Text" promoted on Internet as " Helping People Transfer Payments From Their Structured Settlements"
By John Darer
Full post as published by Structured Settlements 4Real on September 11, 2009 (boomark / email).
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This in from one of our readers who alerted us to the following after reading yesterday's post Structured Settlement Annuity in One Wordy "Inarticulate Articulation"?
"This also from Settlementblog.net on what I thought was the seminal text on our industry:
?Structured Settlements and Periodic Payment Judgments? is a great book about the effects of ?Structured Settlement Factoring Transactions?. The book provides readers with guidelines, procedures and definitions to help them transfer payments from their structured settlements.
The book has a total of 1050 pages, is written in English and has a weight of 10.04 ounces, it can be bought from amazon.com at the price of $279.00 and ships in 1-4 weeks.
WOW".
Ironically, one of the co-authors of the text is a former President of the NSSTA and serves on the association's legal committee. He is also a member and former Executive Director of the Society of Settlement Planners. Neither the co-author of the seminal text, nor the two trade associations have publicly addressed the subject of servicing of structured settlement payments by factoring companies and whether (or not) a financial impairment or bankruptcy of the servicing factoring company would negatively affect applicable structured settlement payees.