What is a Petition for Approval for Transfer of Structured Settlement Payment Rights?

Useful Rulings on Petition for Approval for Transfer of Structured Settlement Payment Rights

Recent Rulings on Petition for Approval for Transfer of Structured Settlement Payment Rights

IN THE MATTER OF: TRANSAMERICA PREMIER LIFE INSURANCE COMPANY

The petition, filed April 17, 2020, seeks court approval for transfer of structured settlement payment rights by and between Transferor and Transferee.

  • Hearing

    Jul 17, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

MATTER OF SEQUOIA COMPANIES, LLC

“No transfer of structured settlement payment rights, either directly or indirectly, shall be effective by a payee domiciled in this state, or by a payee entitled to receive payments under a structured settlement funded by an insurance contract issued by an insurer domiciled in this state or owned by an insurer or corporation domiciled in this state, and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to a transferee, unless all of the provisions

  • Hearing

    Jul 10, 2020

JOSE BAUTISTA FLORES VS ALFONSO MARTINES DIAS ET AL

(Order Approving Transfer of Structured Settlement Payment Rights, 05/25/18, at p.8 [citing Insurance Code § 10139.5(i)].) However, continuing jurisdiction alone does not empower the Court to vacate an otherwise proper order. Even assuming that the Court could vacate the order on the ground that Petitioner lost contact with the payee, Petitioner has not provided enough information for the Court to evaluate this request.

  • Hearing

    Jul 07, 2020

ALLSTATE SETTLEMENT CORPORATION VS. TERRY WOODARD, JR., ET AL

NATURE OF PROCEEDINGS: HEARING 7 ON UNCONTESTED PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS BY AND BETWEEN TERRY WOODARD, JR. TRANSFEROR AND ALLSTATE SETTLEMENT [PETR] ALLSTATE SETTLEMENT CORPORATION RULING The unopposed petition of Allstate Settlement Corporation for approval of transfer of structured settlement payment rights is GRANTED. Parties must comply with Marin County Superior Court Local Rules, Rule 1.10(B) to contest the tentative decision.

  • Hearing

    Jun 30, 2020

IQ-RUS BLAZE LLC VS A. BUSAYASAKUL

“A direct or indirect transfer of structured settlement payment rights is not effective, and a structured settlement obligor or annuity issuer is not required to make any payment directly or indirectly to any transferee of structured settlement payment rights” unless the court approves the transfer in advance. (Ins. Code, § 10139.5, subd. (a).)

  • Hearing

    Jun 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

(NO CASE NAME AVAILABLE)

PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS [Insurance Code § 10134 et. seq.] Date: 6/23/20 (10:00 AM) Case: In Re J.C. (20GDCP00103) TENTATIVE RULING: The Court has reviewed the Petition for Approval of Transfer of Structured Settlement Payment Rights By and Between J.C., Transferor, and Allstate Settlement Corporation, Transferee. The Court is inclined to GRANT the petition, subject to making inquiry of Transferor J.C. at the hearing on the petition.

  • Hearing

    Jun 23, 2020

IN THE MATTER OF: TRANSAMERICA PREMIER LIFE INSURANCE COMPANY

The petition, filed April 17, 2020, seeks court approval for transfer of structured settlement payment rights by and between Transferor and Transferee.

  • Hearing

    Jun 22, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN RE: JOHNSON

TRANSFER OF STRUCTURED SETTLEMENT Petitioner J G7 Crescenta, LLC’s (“Petitioner”) unopposed petition for approval of transfer of structured settlement payment rights (“Petition”) is granted pending Petitioner filing of a proposed order and an appearance via court call by Petitioner’s counsel. The Court notes that in its 02/21/20 Minute Order, that “Counsel states that the transaction on this case was cancelled.”

  • Hearing

    Jun 19, 2020

IN RE: PETITION OF SEQUOIA COMPANIES, LLC

PETITION FOR TRANSFER OF FUNDS Petitioner Sequoia Companies, LLC’s (“Petitioner”) petition for approval of transfer of structured settlement payment rights is Granted. After consideration of the pleadings and files in this matter, including the Supplemental Yassin Declaration and attached exhibits, and the terms of the amended agreement between petitioner and payee, and that payee understands the terms of the agreement and agrees it is in her best interest, the Court approves the petition.

  • Hearing

    Jun 19, 2020

MATTER OF AMANDE

The court may deny or defer ruling on the petition for approval of a transfer of structured settlement payment rights if the court believes that the payee does not fully understand the proposed transaction and that independent legal or financial advice regarding the transaction should be obtained by the payee. ¶ (15) Any other factors or facts that the payee, the transferee, or any other interested party calls to the attention of the reviewing court or that the court determines should be considered in reviewing

  • Hearing

    Jun 15, 2020

MATTER OF R.A.

“No transfer of structured settlement payment rights, either directly or indirectly, shall be effective by a payee domiciled in this state, or by a payee entitled to receive payments under a structured settlement funded by an insurance contract issued by an insurer domiciled in this state or owned by an insurer or corporation domiciled in this state, and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to a transferee, unless all of the provisions

  • Hearing

    Jun 12, 2020

EXECUTIVE CAPITAL GROUP, LLC VS RONALD HILL

CONCLUSION Petitioner’s amended petition for approval of transfer of structured settlement payment rights is DENIED WITH PREJUDICE.

  • Hearing

    May 06, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

DRB CAPITAL, LLC VS J. G.

DRB Capital, LLC’s Amended Petition for Approval for Transfer of Structured Settlement Payment Rights by and Between J.G. and DRB Capital, LLC TENTATIVE RULING DRB Capital, LLC’s Amended Petition for Approval for Transfer of Structured Settlement Payment Rights by and Between J.G. and DRB Capital, LLC is granted.

  • Hearing

    Apr 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

IN RE: KAILEY BARTLETT

., for approval of a transfer of structured settlement payment rights from Kailey Bartlett (“Payee”).1 G7 Crescenta, LLC (“G7”) agreed to purchase a lump sum payment from Payee. (Petition, Exh. A.) G7 Crescenta, LLC, thereafter, assigned its rights and interest in the payment being sold and assigned to Petitioner. (Petition, Exh. B.)

  • Hearing

    Mar 18, 2020

G7 CRESCENTA, LLC VS PHILESIA WASHINGTON

PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS [Insurance Code §10134 et. seq.] Date: 3/13/20 Case: In re: Philesia Washington (20GDCP00046) TENTATIVE RULING: Petitioner G7 Crescenta, LLC’s Petition for Approval for Transfer of Structured Settlement Payment Rights By and Between Philesia Washington, Transferor, and G7 Crescenta, LLC, Transferee is DENIED.

  • Hearing

    Mar 13, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

J.G. WENTWORTH ORIGINATIONS OF CALIFORNIA, LLC VS TANEAH MOTON

.: 20BBCP0060 Hearing Date: March 6, 2019 [TENTATIVE] order RE: petition for approval for transfer of structured settlement payment rights BACKGROUND On February 7, 2020, Petitioner J.G. Wentworth Originations of California, LLC (“Petitioner”) filed the Petition for Approval for Transfer of Structured Settlement Payment Rights by and between Taneah Moton (“Transferor”) and Petitioner, pursuant to Insurance Code, §10134 et seq.

  • Hearing

    Mar 06, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

PEACHTREE SETTLEMENT FUNDING, LLC

The Court on its own motion continues the hearing on Peachtree Settlement Funding, LLC's unopposed petition for approval of transfer of structured settlement payment rights belonging to Charlene Pineda to 1:30 p.m. on Friday, March 27, 2020, to require the payee to submit a declaration describing the amounts and sources of the payee's monthly income and financial resources. Additionally, Petitioner or the payee must provide to the Court a copy of the underlying settlement agreement.

  • Hearing

    Mar 04, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    San Diego County, CA

MATTER OF HUSTON

“No transfer of structured settlement payment rights, either directly or indirectly, shall be effective by a payee domiciled in this state, or by a payee entitled to receive payments under a structured settlement funded by an insurance contract issued by an insurer domiciled in this state or owned by an insurer or corporation domiciled in this state, and no structured settlement obligor or annuity issuer shall be required to make any payment directly or indirectly to a transferee, unless all of the provisions

  • Hearing

    Feb 28, 2020

PEACHTREE SETTLEMENT FUNDING OF CALIFORNIA, LLC VS JOHANNA PADILLA

.: 19BBCP00477 Hearing Date: February 14, 2020 [TENTATIVE] ORDER RE: PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS BACKGROUND On December 16, 2019, Petitioner Peachtree Settlement Funding of California, LLC (“Petitioner”) filed the Petition for Approval for Transfer of Structured Settlement Payment Rights by and between Johanna Padilla (“Transferor”) and Petitioner, pursuant to Insurance Code, §10134 et seq.

  • Hearing

    Feb 14, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

IN RE: YVETTE DELIM

G7 Crescenta, LLC's unopposed petition for approval of transfer of structured settlement payment rights belonging to Yvette Delim is granted.

  • Hearing

    Feb 05, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    San Diego County, CA

PETITION FOR SEQUOIA COMPANIES LLC

Sequoia Companies, LLC's unopposed petition for approval of transfer of structured settlement payment rights belonging to Anthony Gordon is denied. The Court cannot find, based on the record before it, that is in the payee's best interest to spend a portion of the transferred funds to support his mother, particularly in light of the fact that the payee's brother is already receiving funds to support the mother. IT IS SO ORDERED. This ruling is the order of the Court, filed as of this date.

  • Hearing

    Jan 29, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    San Diego County, CA

APIS MANAGEMENT, LLC VS. EMILY MOORE SODRE

NATURE OF PROCEEDINGS: PETITION 7 FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHT BY AND BETWEEN EMILY MOORE SODRE AND APIS MANAGEMENT, LLC D/B/A FAIRFIELD FUNDING [PETR] APIS MANAGEMENT, LLC RULING APIS MANAGEMENT, LLC D/B/A FAIRFIELD FUNDING’s Petition to approve the transfer of structured settlement payment rights by and between EMILI MOORE SODRE, as transfemr, and APIS MANAGEMENT, LLC D/B/A FAIRFIELD FUNDING, as transferee, pursuant to California Insurance Code section 10134, et seq, is

  • Hearing

    Jan 24, 2020

J.G. WENTWORTH ORIGINATIONS OF CALIFORNIA, LLC VS DAWAUNA BRACKS

Wentworth Originations of California, LLC (“Petitioner”) filed the Petition for Approval for Transfer of Structured Settlement Payment Rights by and between Dawauna Bracks (“Transferor”) and Petitioner, pursuant to Insurance Code, §10134 et seq. On December 12, 2019, Petitioner filed an Amended Petition. On January 17, 2020, Transferor filed a “Notice of Cancellation/Cancellation Letter”, dated January 3, 2020.

  • Hearing

    Jan 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

PEACHTREE SETTLEMENT FUNDING OF CALIFORNIA, LLC VS PAUL KIM

Wentworth Originations of California, LLC (“Petitioner”) filed the Petition for Approval for Transfer of Structured Settlement Payment Rights by and between Paul Kim (“Transferor”) and Petitioner, pursuant to Insurance Code, §10134 et seq. Transferor entered into an agreement for the settlement of a personal injury claim in July 5, 2007. (Pet., ¶1 at p.1.)

  • Hearing

    Jan 17, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

J.G. WENTWORTH ORIGINATIONS OF CALIFORNIA, LLC VS LUIS MORENO

.: 19BBCP00496 Hearing Date: January 17, 2020 [TENTATIVE] order RE: petition for approval for transfer of structured settlement payment rights BACKGROUND On December 23, 2019, Petitioner J.G. Wentworth Originations of California, LLC (“Petitioner”) filed the Petition for Approval for Transfer of Structured Settlement Payment Rights by and between Shawn Smith (“Transferor”) and Petitioner, pursuant to Insurance Code, §10134 et seq.

  • Hearing

    Jan 17, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • County

    Los Angeles County, CA

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