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

ALLSTATE SETTLEMENT CORPORATION VS J. E.

J.E. (20PSCP00256) _____________________________________________ Petitioner Allstate Settlement Corporation’s PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS Respondent: None (unopposed, as of 11/19/20, 11:44 a.m.) Tentative Ruling Petitioner Allstate Settlement Corporation’s Petition for Approval of Transfer of Structured Settlement Payment Rights is GRANTED. Background J.E.

  • Hearing

    Dec 04, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

CAMABY CARLJULE, LLC VS A. B.

[TENTATIVE] ORDER RE: PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS On September 25, 2020, Petitioner Camaby Carljule, LLC (“Petitioner”) filed this petition for approval of transfer of structured settlement payment rights. The petition seeks transfer of certain structured settlement payment rights held by A.B. (“Payee”) under a medical malpractice injury claim from 2005. (Petition ¶ 2; A.B. Decl. ¶ 4.)

  • Hearing

    Nov 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

BLACK CANYON FUNDING, LLC VS METLIFE TOWER RESOURCES GROUP, INC.

BACKGROUND: On October 2, 2020, Petitioner Black Canyon Funding, LLC filed a redacted petition for approval of transfer of structured settlement payment rights. On October 23, 2020, Petitioner Black Canyon Funding, LLC filed an unredacted petition for approval of transfer of structured settlement payment rights.

  • Hearing

    Nov 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

BLACK CANYON FUNDING, LLC VS METLIFE TOWER RESOURCES GROUP, INC.

BACKGROUND: On October 2, 2020, Petitioner Black Canyon Funding, LLC filed a redacted petition for approval of transfer of structured settlement payment rights. On October 23, 2020, Petitioner Black Canyon Funding, LLC filed an unredacted petition for approval of transfer of structured settlement payment rights.

  • Hearing

    Nov 24, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN THE MATTER OF: GREENVIEW HOUSING, LLC

BACKGROUND: On October 1, 2020, Petitioner Greenview Housing, LLC filed a verified petition for approval for transfer of structured settlement payment rights by and between J. Turner, Transferor, and Greenview Housing, LLC, Transferee, pursuant to Insurance Code section 10134, et seq. On October 5, 2020, Petitioner Greenview Housing, LLC filed a notice of motion for order approving transfer of structured settlement payment rights by and between J.

  • Hearing

    Nov 19, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF CRYSTAL VISION

Petitioner Crystal Vision's petition for approval for transfer of structured settlement payment rights is GRANTED. Insurance Code § 10134, et seq. Via the Purchase Agreement entered into between Petitioner and payee Jack Chiaramonte, payee shall transfer to Petitioner 1 payment of $402,887.22 due and payable on September 1, 2036 in exchange for $175,000.00.

  • Hearing

    Nov 19, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

JAG1 CONNECTIONS LLC VS SYMETRA LIFE INSURANCE COMPANY

Petitioner JAG1 Connections, LLC's First Amended Petition for Approval for Transfer of Structured Settlement Payment Rights is DENIED. (ROA 9.) As a preliminary matter, there are evidentiary issues with the Petition. Nearly all facts relevant to the petition were provided not by the payee Michael Lockhart, who is the individual who would presumably have personal knowledge of those facts, but by Petitioner JAG1 Connections' customer service representative, Miah Johnson. (ROA 10.)

  • Hearing

    Nov 19, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF JG WENTWORTH ORIGINATIONS LLC

Tentative Ruling on Continued Petition for Transfer of Structured Settlement Payment Rights In re JG Wentworth Originations LLC (Wyatt), Case No. 2020-29304 Nov. 20, 2020, 1:30 p.m., Dept. 72 1. Overview and Procedural Posture. This is a verified petition seeking court approval of an agreement between petitioner J.G. Wentworth Originations, LLC and Erik Wyatt. In December 1995, when Mr. Wyatt was seven-years-old, his guardian ad litem settled a medical malpractice claim lawsuit on his behalf.

  • Hearing

    Nov 18, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

824 TRUEBLUE, LLC VS AURORA NATIONAL LIFE ASSURANCE COMPANY

Aurora National Life Assurance Company (Araujo-Estrada) PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS [Insurance Code §10134 et. seq.] Moving Party: Petitioner 824 Trueblue, LLC Responding Party: No Opposition RELIEF REQUESTED: Approve transfer of structured settlement payment rights by and between Luis Araujo-Estrada, as transferor, and 824 Trueblue, LLC, as transferee.

  • Hearing

    Nov 06, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

824 TRUEBLUE, LLC VS BERKSHIRE HATHAWAY LIFE INSURANCE COMPANY OF NEBRASKA

Berkshire Hathaway Life Insurance Company of Nebraska (Sekuini) PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS [Insurance Code §10134 et. seq.] Moving Party: Petitioner 824 Trueblue, LLC Responding Party: No Opposition RELIEF REQUESTED: Approve transfer of structured settlement payment rights by and between Sekuini Sekuini, as transferor, and 824 Trueblue, LLC, as transferee.

  • Hearing

    Nov 06, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN THE MATTER OF: ASSET SECURITY CONSULTING, LLC

.: 20CMCP00106 Matter on calendar for: Petition for Approval of Transfer of Structured Settlement Payment Rights Tentative ruling: Background Petitioner Asset Security Consulting, LLC seeks approval for its purchase of structured settlement payment rights from Charline Pericles. In January 2015, Pericles settled a medical malpractice case.

  • Hearing

    Nov 05, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • Judge

    Maurice A. Leiter or Salvatore Sirna

  • County

    Los Angeles County, CA

PETITION OF JG WENTWORTH ORIGINATIONS LLC

Tentative Ruling on Petition for Transfer of Structured Settlement Payment Rights In re JG Wentworth Originations LLC (Wyatt), Case No. 2020-29304 Nov. 6, 2020, 1:30 p.m., Dept. 72 1. Overview and Procedural Posture. This is a verified petition seeking court approval of an agreement between petitioner J.G. Wentworth Originations, LLC and Erik Wyatt. In December 1995, when Wyatt was seven years old, his guardian ad litem settled a medical malpractice claim lawsuit on his behalf.

  • Hearing

    Nov 04, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF DRB CAPITAL LLC

TENTATIVE RULING: Petitioner's PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS is GRANTED. Petitioner is directed to submit a proposed order.

  • Hearing

    Oct 28, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN RE: NAVA

Petition for Approval of Transfer of Structured Settlement Payment Rights The petition is dismissed without prejudice. Pursuant to Ins. Code §10139.5(f)(2), the applicant must include with the petition “a copy of the annuity contract, if available,” and “a copy of the underlying structured settlement agreement, if available.”

  • Hearing

    Oct 23, 2020

IN RE: K.M.

Petition for Approval of Transfer of Structured Settlement Payment Rights This is now petitioner’s third attempt to secure a court order approving the subject transfer. The petition seeks approval of two transfers: § lump sum payment of $4,000.00 due 05/11/21; and § lump sum payment of $23,402.08 due 05/11/25. The transferor would receive $12,879.87, which represents a quotient of 51% after reducing the amounts transferred by a present value discount rate of 1.80%.

  • Hearing

    Oct 23, 2020

PETITION OF JG WENTWORTH ORIGINATIONS LLC

Wentworth Originations, LLC's Verified Petition for Approval of Transfer of Structured Settlement Payment Rights is CONTINUED to November 20, 2020 at 8:30 a.m. to allow time for Petitioner to supplement. (ROA 1.) Petitioner has not provided copies of the annuity contract and/or the settlement agreement, or if these documents cannot be located, then a sufficient to satisfy the court that reasonable efforts were made to locate and secure a copies. (Ins. Code § 10139.5(f)(2)(H).)

  • Hearing

    Oct 22, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF JG WENTWORTH ORIGINATIONS LLC

Wentworth Originations, LLC's Verified Petition for Approval of Transfer of Structured Settlement Payment Rights is CONTINUED to November 20, 2020 at 8:30 a.m. to allow time for Petitioner to supplement. (ROA 1.) Petitioner has not provided copies of the annuity contract and/or the settlement agreement, or if these documents cannot be located, then a sufficient to satisfy the court that reasonable efforts were made to locate and secure a copies. (Ins. Code § 10139.5(f)(2)(H).)

  • Hearing

    Oct 22, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

DARRYL THROWER VS GLOBAL VISION SECURITY, INC

PROCEDURAL HISTORY On August 21, 2020, Petitioner filed the Petition for Approval of Transfer of Structured Settlement Payment Rights. On August 27, 2020, Petitioner filed the instant Motion for Order Approving Transfer of Structured Settlement Payment Rights.

  • Hearing

    Oct 19, 2020

  • Type

    Employment

  • Sub Type

    Other Employment

IN THE MATTER OF: SEMPRA FINANCE, LLC

PROCEDURAL HISTORY On August 21, 2020, Petitioner filed the Petition for Approval of Transfer of Structured Settlement Payment Rights. On August 27, 2020, Petitioner filed the instant Motion for Order Approving Transfer of Structured Settlement Payment Rights.

  • Hearing

    Oct 19, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN RE: SANCHEZ

Wentworth Originations, LLC’s (“Petitioner”) petition for approval of transfer of structured settlement payment rights (“Petition”) is Denied. The Court, having reviewed the declaration of Bryan Sanchez (“Sanchez”) finds that Sanchez appears to have not revealed the accurate facts. Sanchez attests he has not attempted previous transactions involving his structured settlement payments that were denied, dismissed, or withdrawn. Sanchez Decl. ¶ 10. This appears not true.

  • Hearing

    Oct 16, 2020

DRB CAPITAL, LLC VS K. B.

Under Insurance Code section 10137, a transfer of structured settlement payment rights is void unless a court reviews and approves the transfer and finds the following conditions are met: a. The transfer of the structured settlement payment rights is fair and reasonable and in the best interest of the payee, taking into account the welfare and support of his or her dependents. b.

  • Hearing

    Oct 13, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF J.G. WENTWORTH ORIGINATIONS LLC FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS IN RE FERGUSON

Wentworth Originations, LLC's petition for approval for transfer of structured settlement payment rights is GRANTED. Insurance Code § 10134, et seq. Via the Purchase Agreement entered into between Petitioner and payee Tamara Ferguson, payee shall transfer to Petitioner 132 payments of $7,438.05 each, increasing at 3% annually, beginning on August 14, 2052 and ending on July 14, 2063, in exchange for $30,500.00.

  • Hearing

    Oct 08, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

PETITION OF JG WENTWORTH ORIGINATIONS LLC

PETITION FOR APPROVAL FOR TRANSFER OF STRUCTURED SETTLEMENT PAYMENT RIGHTS BY AND BETWEEN DASIYA GERMAN AND J.G. WENTWORTH ORIGINATIONS, LLC PURSUANT TO CALIFORNIA INSURANCE CODE § 10134 et. seq. by petitioner J.G. Wentworth Originations, Inc. is DENIED. Payee Dasiya Germany has agreed to transfer her payment rights in a Structured Settlement. In exchange for receiving $30,000 from Petitioner, she gives up the rights to all future payments in the amount of $44,82576. Ms.

  • Hearing

    Oct 08, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

IN THE MATTER OF: ASSET SECURITY CONSULTING, LLC

.: 20CMCP00106 Matter on calendar for: petition for approval of transfer of structured settlement payment rights Tentative ruling: Background Petitioner Asset Security Consulting (“ACR”), LLC, petitions the Court to approve its purchase of structured settlement payment rights from payee Charline Pericles. For the reasons set forth below, the Court denies the petition.

  • Hearing

    Oct 06, 2020

  • Type

    Other

  • Sub Type

    Intellectual Property

  • Judge

    Maurice A. Leiter or Salvatore Sirna

  • County

    Los Angeles 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

    Oct 02, 2020

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