On February 27, 2020 a
TO_FILE_212094_plt_order_approve_pruglo_Copy
was filed
involving a dispute between
Daniil Pruglo,
and
Om Inn Enterprise Inc.,
Ramada By Wyndham Marina,
Ritesh A. Patel,
Wyndham Hotels And Resorts, Inc.,
for Other PI/PD/WD Unlimited (23)
in the District Court of Monterey County.
Preview
PETITIONER/PLAINTIFF: REBECCA PRUGLO CASE NUMBER:
RESPONDENT/DEFENDANT: RITESH PATEL d/b/a RAMADA BY WYNDHAM MARINA 20CV000819
ATTACHMENT 8b(2) - BALANCE FOR CLAIMANT
Defendant(s) and/or their insurer(s) has agreed to make the following future periodic payments:
Payee: Rebecca Pruglo
$10,000.00 annually for 4 years, starting January 22, 2029, with the last guaranteed payment on January 22,
2032
A Lump Sum Payment of $20,000.00 paid on January 22, 2032
A Lump Sum Payment of $53,421.49 paid on January 22, 2036
The future payment amounts outlined above are guaranteed based upon a projected annuity purchase date of
March 11, 2022. Any delay in funding the annuity may result in a delay of the payment dates or change in
payment amounts that shall be recorded in the settlement agreement and release, qualified assignment
document and annuity contract without the need of obtaining an amended Petition/Court Order up to 180 days
after original purchase date.
These payments have a present value of $92,042.31 and will be provided on a tax-free basis pursuant to
Section 104(a)(2) of the Internal Revenue Code of 1986, as amended."
The sum of $92,042.31 is to be used by Defendant(s) to arrange for the purchase of a tax-free structured
settlement annuity policy from Metropolitan Tower Life Insurance Company.
Defendant(s) and/or their insurer(s) shall execute a "Qualified Assignment" of its obligation to make periodic
payments pursuant thereto in compliance with IRC Section 104(a)(2) and Section 130(c) of the Internal Revenue
Code of 1986, as amended. Said assignment shall be made to METLIFE ASSIGNMENT COMPANY INC.
("Assignee"). Upon doing so, Defendant(s) and/or their insurer(s) will no longer be obligated to make the future
periodic payments and the Assignee will be the Plaintiff's sole obligor with respect to the future periodic payments,
and Defendant(s) and/or their insurer(s) will have no further obligations whatsoever to the Plaintiff. The Assignee
shall purchase structured settlement annuities for $92,042.31 through Metropolitan Tower Life Insurance Company
which is rated A+ through A.M. Best.
Lock in 239411
M. bercowetz 01/26/2022
REVSIED
Document Filed Date
June 24, 2022
Case Filing Date
February 27, 2020
Category
Other PI/PD/WD Unlimited (23)
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