On May 25, 2017 a
Motion,Ex Parte
was filed
involving a dispute between
In Re The Matter Of The Petition For Approval Of The Sale And Transfer Of Structured Settlement Payment Rights Of Kevin O., In Accordance With Gen. Oblig. Law 5-1701, Et Seq.,
and
None,
for Special Proceedings - Other (sale/transfer)
in the District Court of Dutchess County.
Preview
iste
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FACSIMILE: (718) 732-2409
w ‘the Supreme Court of the State of
New York, held in and for the
County of Dutchess, at the
ae courthouse located at Market
Street, Poughkeepsie, New York
12601, on the a s
day of
A. IN
HON. CHRIST E,
SPROAL ty, 2017.
PRESENT: HON.
Justice of the Supreme Court
een nee et nen nee nner nomen K
4 INDEX NO. 2017-51258
In Re: the Matter of the Petition for Approval of the Sale
and Transfer of Structured Settlement Payment Rights of ECEIVED
KEVIN O., In Accordance with Gen. Oblig. Law §5-1701, ORDER TO SHOW CAUSE
et seq. MAY 30 2017
nee x HON CHAISI INE A. SPHOA
Upon reading and filing the Petition of Reliance Funding, LLC, dated and verified on
May 24, 2017, the exhibits annexed thereto in support of the instant proceeding, and upon all the
pleadings and proceedings heretofore had herein, and sufficient cause having been shown
therein,
LET the Respondents show cause at an L.A.S. Part Ferm-———, Room P of this
Court, at the courthouse thereg, located at arket Street, Poughkeepsie, New York 12601,
on theAAeey of mM ._, 2017, at 9:30 o’clack in the forenoon of that day,
or as soon thereafter as counsel can be heard, WHY an Order should not be made and entered
herein as follows:
A Declaring that the sale and transfer of structured settlement payment rights,
pursuant to a certain Purchase and Sale Agreement (the “Purchase Agreement’)
by and between Kevin O’Dea, as the Payee/Seller, and Reliance Funding, LLC, as
the Purchaser, complies with all requirements of New York’s The Structured
Settlement Protection Act, Gen. Oblig. Law §5-1701 et seg., 26 U.S.C. §5891 et
seq., and Pub. L. 107-134, Title 1, §115(c)(3)(A);
Declaring that the sale and transfer of structured settlement payment rights is in
the best interest of the Payee/Seller, Kevin O’Dea, taking into account the welfare
and support of the Payee/Seller’s dependents (if applicable), and that the
transaction, including the discount rate used to determine the gross advance
amount and the fees and expenses used to determine the net advance amount, are
fair and reasonable;
ppearances Are riequired
On The Return Date
—
Document Filed Date
July 13, 2017
Case Filing Date
May 25, 2017
Category
Special Proceedings - Other (sale/transfer)
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Preview
iste rs} “2 on -51258 ae ? & oe NO. - 13 3-07 wy RECEIVED NYSCEF #2017 de Me i € pel? gt! ok At an 1.A.S. Part-LTerm+—__ of FACSIMILE: (718) 732-2409 w ‘the Supreme Court of the State of New York, held in and for the County of Dutchess, at the ae courthouse located at Market Street, Poughkeepsie, New York 12601, on the a s day of A. IN HON. CHRIST E, SPROAL ty, 2017. PRESENT: HON. Justice of the Supreme Court een nee et nen nee nner nomen K 4 INDEX NO. 2017-51258 In Re: the Matter of the Petition for Approval of the Sale and Transfer of Structured Settlement Payment Rights of ECEIVED KEVIN O., In Accordance with Gen. Oblig. Law §5-1701, ORDER TO SHOW CAUSE et seq. MAY 30 2017 nee x HON CHAISI INE A. SPHOA Upon reading and filing the Petition of Reliance Funding, LLC, dated and verified on May 24, 2017, the exhibits annexed thereto in support of the instant proceeding, and upon all the pleadings and proceedings heretofore had herein, and sufficient cause having been shown therein, LET the Respondents show cause at an L.A.S. Part Ferm-———, Room P of this Court, at the courthouse thereg, located at arket Street, Poughkeepsie, New York 12601, on theAAeey of mM ._, 2017, at 9:30 o’clack in the forenoon of that day, or as soon thereafter as counsel can be heard, WHY an Order should not be made and entered herein as follows: A Declaring that the sale and transfer of structured settlement payment rights, pursuant to a certain Purchase and Sale Agreement (the “Purchase Agreement’) by and between Kevin O’Dea, as the Payee/Seller, and Reliance Funding, LLC, as the Purchaser, complies with all requirements of New York’s The Structured Settlement Protection Act, Gen. Oblig. Law §5-1701 et seg., 26 U.S.C. §5891 et seq., and Pub. L. 107-134, Title 1, §115(c)(3)(A); Declaring that the sale and transfer of structured settlement payment rights is in the best interest of the Payee/Seller, Kevin O’Dea, taking into account the welfare and support of the Payee/Seller’s dependents (if applicable), and that the transaction, including the discount rate used to determine the gross advance amount and the fees and expenses used to determine the net advance amount, are fair and reasonable; ppearances Are riequired On The Return Date —