On October 20, 2020 a
Order
was filed
involving a dispute between
Cbc Settlement Funding Llc,
and
Dickerson T.,
for Other Civil Petition (General Jurisdiction)
in the District Court of Los Angeles County.
Preview
SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES
Civil Division
Central District, Stanley Mosk Courthouse, Department 31
20STCP03431 December 18, 2020
CBC SETTLEMENT FUNDING, LLC vs T. DICKERSON 10:03 AM
Judge: Honorable Yolanda Orozco CSR: None
Judicial Assistant: Maria C. Faune ERM: None
Courtroom Assistant: Theresa De La Paz Deputy Sheriff: None
APPEARANCES:
For Plaintiff(s): No Appearances
For Defendant(s): No Appearances
NATURE OF PROCEEDINGS: Court Order
The Court is in receipt of an Amended Declaration of Terrell Dickerson (“Payee”) which was
filed on December 15, 2020, in response to this Court’s posted tentative ruling denying the
Petition for Approval for Transfer of Structured Settlement Payments. While the Amended
Declaration clears up one item, it remains unclear in other respects.
The Amended Declaration does clarify that Payee will be selling a one lump sum payment of
$44,000 due to Petitioner on November 19, 2022 (Dickerson Decl. ¶ 10). However, Payee’s
Amended Declaration states at Paragraph 12 that the remaining payments due to him under the
annuity include a one lump sum payment of $36,000.00 due November 2022 and a one lump
sum payment of $80,000.00 due November 2025. Initially, the Court interpreted the Declaration
to mean that the $36,000.00 payment was in addition to the $44,000.00 payment Payee agreed to
sell to Petitioner. However, Paragraph 9 of the Amended Declaration indicates that Payee also
sold Petitioner a lump sum payment of $24,000.00 due November 19, 2022 and a lump sum
payment of $20,000.00 due on November 19, 2025. Pursuant to Payee’s declaration, Payee will
have due to him in November 2022 a sum of $104,000.00 and a sum of $100,000.00 due in
November 2025. This is inconsistent with the letter attached to the Petition from the Payment
Issuer, New York Life Insurance and Annuity Corporation, dated August 6, 2020.
In the August 6, 2020 letter, New York Life Insurance indicates that the following benefits are
payable to Payee as of that date:
1. $100,000.00 paid as a lump sum on 11/19/2022, guaranteed.
2. $136,997.36 paid as a lump sum on 11/19/2025, guaranteed.
It thus remains unclear to the Court how much is left to be paid to Payee and when those
payments are due.
Minute Order Page 1 of 2
Document Filed Date
December 18, 2020
Case Filing Date
October 20, 2020
Category
Other Civil Petition (General Jurisdiction)
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SUPERIOR COURT OF CALIFORNIA, COUNTY OF LOS ANGELES Civil Division Central District, Stanley Mosk Courthouse, Department 31 20STCP03431 December 18, 2020 CBC SETTLEMENT FUNDING, LLC vs T. DICKERSON 10:03 AM Judge: Honorable Yolanda Orozco CSR: None Judicial Assistant: Maria C. Faune ERM: None Courtroom Assistant: Theresa De La Paz Deputy Sheriff: None APPEARANCES: For Plaintiff(s): No Appearances For Defendant(s): No Appearances NATURE OF PROCEEDINGS: Court Order The Court is in receipt of an Amended Declaration of Terrell Dickerson (“Payee”) which was filed on December 15, 2020, in response to this Court’s posted tentative ruling denying the Petition for Approval for Transfer of Structured Settlement Payments. While the Amended Declaration clears up one item, it remains unclear in other respects. The Amended Declaration does clarify that Payee will be selling a one lump sum payment of $44,000 due to Petitioner on November 19, 2022 (Dickerson Decl. ¶ 10). However, Payee’s Amended Declaration states at Paragraph 12 that the remaining payments due to him under the annuity include a one lump sum payment of $36,000.00 due November 2022 and a one lump sum payment of $80,000.00 due November 2025. Initially, the Court interpreted the Declaration to mean that the $36,000.00 payment was in addition to the $44,000.00 payment Payee agreed to sell to Petitioner. However, Paragraph 9 of the Amended Declaration indicates that Payee also sold Petitioner a lump sum payment of $24,000.00 due November 19, 2022 and a lump sum payment of $20,000.00 due on November 19, 2025. Pursuant to Payee’s declaration, Payee will have due to him in November 2022 a sum of $104,000.00 and a sum of $100,000.00 due in November 2025. This is inconsistent with the letter attached to the Petition from the Payment Issuer, New York Life Insurance and Annuity Corporation, dated August 6, 2020. In the August 6, 2020 letter, New York Life Insurance indicates that the following benefits are payable to Payee as of that date: 1. $100,000.00 paid as a lump sum on 11/19/2022, guaranteed. 2. $136,997.36 paid as a lump sum on 11/19/2025, guaranteed. It thus remains unclear to the Court how much is left to be paid to Payee and when those payments are due. Minute Order Page 1 of 2