Complaint,Petition: In Re CACHU, C.

On October 16, 2020 a Complaint,Petition was filed involving a dispute between Cbc Settlement Funding, Llc, and for Transfer of Structured Settlement Payment Rights: Unlimited in the District Court of Stanislaus County.

Preview
MATTHEW R. EASON, Esa. (SBN 160148) Electronically Filed
KYLE K. TAMBORNINI, ESQ. (SBN 160538) 10/16/2020 4:05 PM
EASON & TAMBORNINI, A LAW CORPORATION Superior Court of California
1234 H STREET, SUITE 200 County of Stanislaus
SACRAMENTO, CA 95814
(916) 438-1819 Clerk of the Court
FACSIMILE (916) 438-1820 By: Sonia Krohn, Deputy

Attorneys for Petitioner,
CBC SETTLEMENT FUNDING, LLC

$435 PAID
$30 PAID
SUPERIOR COURT OF CALIFORNIA
10 COUNTY OF STANISLAUS
11

12 In Re: C. Cachu (Case No.: CV-20-004623
13
PETITION FOR APPROVAL OF TRANSFER
14 OF STRUCTURED SETTLEMENT
IPAY MENT RIGHTS
15

16
‘This case nas been aetlgned to JudgeNO hearing information was found.
17 No hearing information was Tound.
Department_____ forall purposes including Tria.
18
Pursuant to California Insurance Code Section 10139.5, Petitioner, CBC Settlement Funding, LLC
19
20 (“Petitioner”), hereby respectfully alleges as follows:

21 1 Venue is proper in this Court pursuant to Insurance Code Section 10139.5(c)(5)(A)

22 because the payee of the structured settlement payments, C. Cachu (“Payee”), resides in the County
23
of STANISLAUS.
24
2 Payee is the recipient of certain structured settlement payments under which Symetra
25
Assigned Benefits Service Co.(“Payment Obligor”) is the obligor and pursuant to which the Payment
26
Obligor purchased an annuity contract from Symetra Life Insurance Co. (“Payment Issuer”) to fund
27

28 the aforesaid obligation pursuant to a structured settlement agreement.
1
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
3 Subject to the Court’s approval of this Petition, Payee has entered into a transfer

agreement (“Transfer Agreement”) to transfer the following structured settlement payments to

Petitioner or its assignee: 47 monthly payments in the amount of $732.00 beginning December 24,

2020 through and including October 24, 2024 (“Transferred Payments”). A true and correct copy

of the Transfer A greement is attached hereto as Exhibit A and incorporated herein by this reference.

4. Pursuant to Insurance Code Section 10136(b), ten or more days prior to the effective

date of the Transfer Agreement, Petitioner provided to Payee, and Payee acknowledged receipt

thereof, a separate written disclosure statement (“Disclosure Statement”). A true and correct copy of

10 the Disclosure Statement is attached hereto as Exhibit B and incorporated herein by this reference.

11 5 The Disclosure Statement is in at least 14-point boldface type and discloses all of the

12 following:
13
A The effective date of the transfer.
14
B The amounts and due dates of the structured settlement payments to be transferred.
15
Cc The aggregate amount of the structured settlement payments to be transferred.
16

17 D The gross amount of all expenses, if any, to be deducted from the amount to be paid

18 to the payee in exchange for the payments to be transferred.

19 E The amount payable to Payee, net of all expenses, in exchange for the payments to be
20 transferred.
21
F. The discounted present value of all structured settlement payments to be transferred
22
and the discount rate used in determining that discounted present value.
23
G The effective equivalent interest rate, disclosed in the following statement:
24

25 “YOU WILL BE PAYING THE EQUIVALENT TO AN INTEREST RATE OF 19.99%

26 PER YEAR. Based upon the net amount that you will receive from us and the amounts and timing

27 of the structured settlement payments that you are transferring to us, if the transferred structured
28
2
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
settlement payments were installment payments on a loan, with each payment applied first to

accrued unpaid interest and then to principal, it would be as if you were paying interest to us of

19.99% per year, assuming funding on the effective date of transfer.”

H The quotient (expressed as a percentage) obtained by dividing the net payment

amount by the discounted present value of the payments.

1 A statement that the Payee should obtain independent professional advice regarding

any federal and state income tax consequences arising from the proposed transfer, and that the

transferee may not refer the payee to any specific advisor for that purpose.

10 J A Statement of the Payee’s irrevocable and nonwaivable right of rescission pursuant

11 to Insurance Code Section 10136(b)(2).

12 K The following statement: “IF YOU BELIEVE YOU WERE TREATED UNFAIRLY
13
OR WERE MISLED AS TO THE NATURE OF THE OBLIGATIONS YOU ASSUMED UPON
14
ENTERING INTO THIS AGREEMENT, YOU SHOULD REPORT THOSE CIRCUMSTANCES
15
TO THE LOCAL DISTRICT ATTORNEY OR THE OFFICE OF THE ATTORNEY GENERAL.”
16

17 L A statement that the payment to the Payee pursuant to the Transfer Agreement is

18 contingent upon Court approval of the Transfer A greement.

19 M A statement that the payment to the Payee pursuant to the Transfer A greement will be
20 delayed up to 30 days or more in order for the Court to review and approve the Transfer A greement.
21
6 Pursuant to Insurance Code Section 10138, the Transfer Agreement does not contain
22
any of the following provisions:
23
A Any provision that waives the seller’s right to sue under any law, or in which the
24

25 seller agrees not to sue, or that waives jurisdiction or standing to sue under the contract.

28
3
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
B Any provision that requires the seller to indemnify and hold harmless the buyer, or to

pay the buyer’s costs of defense, in any claim or action brought by the seller or on the seller’s behalf

contesting the sale for any reason.

Cc Any provision that waives benefits or rights conferred by law with respect to

garnishment of wages.

D Any provision providing that the contract is confidential or proprietary, belonging to

the buyer.

E Any provision in which the seller stipulates to a confession of judgment.

10 F. Any provision requiring the seller to pay the buyer’s attorney’s fees and costs if the

11 purchase agreement is not completed.

12 G Any provision requiring the seller to pay any tax liability arising under the federal tax
13
laws, other than the seller’s own tax liability, if any, that results from the transfer.
14
H Any provision providing for brokerage fees incurred in the contract to be deducted
15
from the purchase price disclosed pursuant to paragraph (5) of subdivision (a) of Insurance Code
16

17 Section 10136.

18 1 Any forum selection provision providing for jurisdiction to be in a court outside of

19 California for any action arising under the contract.
20
J Any choice-of-law provision that provides for controlling law to be other than
21
California law in any action arising under the contract.
22
K A provision that provides the transferee with a security interest or collateral interest in
23
any structured settlement payment rights that exceed the actual dollar amount of the structured
24

25 settlement payment rights being transferred.

26 L Any provision that creates a “buyer’s right of first refusal” to purchase any remaining

27 structured payment rights that the payee may desire to sell in the future.
28
4
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
7 The transfer contemplated by this Petition complies with the statutory requirements

set forth in Insurance Code Section 10139.5(b) as follows:

A As more fully set forth in the Affidavit of Payee, which will be filed in this action and

incorporated herein by this reference, this transfer is in the best interests of Payee, taking into

account the welfare and support of Payee’s dependents, as follows: if applicable. Specifically, Payee

desires to transfer the payments in order to: please refer to the declaration of C. Cachu filed under

separate cover.

B Payee has been advised in writing by Petitioner to seek independent professional

10 advice regarding the transfer and Payee has knowingly waived that advice in writing.

11 Cc Petitioner has provided Payee with a Disclosure Statement consistent with Insurance

12 Code Section 10136.
13
D The Transfer
A greement complies with Insurance Code Section 10138.
14
E The transfer does not contravene any applicable statute or the order of any court or
15
other governmental authority.
16

17 8 Pursuant to Insurance Code Section 10139.5(f)(2), at least 20 days priorto the date of

18 the hearing of this Petition, Petitioner has served on all interested parties a notice of the proposed

19 transfer which includes to the extent applicable and in the possession of petitioner:
20 A A copy of this Petition and all accompanying documents.
21
B A copy of the Transfer A greement.
22
Cc A listing of each of Payee’s dependents, together with each dependent’s age.
23
D A copy of the Disclosure Statement required by subdivision (a) of Insurance Code
24

25 Section 10136.

26 E A copy of the annuity contract, if available.

27 F. A copy of the qualified assignment agreement, if available.
28
5
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
G A copy of the underlying structured settlement agreement, if available.

9 To the extent available to the Petitioner at this time, documents relating to the

underlying settlement, the annuity contract and the qualified assignment, [Ins. Code §10139.5 (c) (2)

(E) (F) and (G)], are attached hereto as Exhibit C. The petitioners have been using and are

continuing to use reasonable efforts to obtain complete copies of all such documents, and any further

documents obtained will be submitted to the court prior to or at the hearing.

10. The Notice of Hearing notified any interested party that they are entitled to support,

oppose, or otherwise respond to this Petition, either in person or by counsel, by submitting written

10 comments to the Court, or by participating in the hearing. The Notice of Hearing further advised all

11 interested parties of the time and place of the hearing and that any written responses must be filed

12 with the Court not less than 15 days after service of the Notice in order to be considered by this
13
Court.
14
11. Pursuant to Insurance Code Section 10139.5(h), prior to the time of filing this
15
Petition, Petitioner advised Payee of:
16

17 A Payee’s right to seek counsel in connection with this Petition for Court approval of

18 the Transfer A greement;

19 B That in the event Payee retains counsel in connection with this Petition, Petitioner

20 shall pay Payee’s counsel fees up to $1,500.00, regardless of whether the Transfer Agreement is
21
approved
22
I
23
I
24

25 I

26 I
27 I
28
6
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
12. In accordance with the foregoing, Petitioner hereby requests that this Court approve

this Petition and enter an order in accordance with Insurance Code Section 10139.5(b) approving

this transfer of structured settlement payment rights and ordering Payment Obligor and Payment

Issuer to pay the Transferred Payments to Petitioner or its assignee.

Dated: October 16, 2020

a
Erin M., Scharg
ERIN M. SCHARG, ESQ.
Counsel for Petitioner,
CBC SETTLEMENT FUNDING, LLC
10

19
20

28
7
PETITION FOR APPROVAL OF TRANSFER OF STRUCTURED SETTLEMENT PAY MENT RIGHTS
Exhibit "A"
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

PURCHASE AND SALE AGREEMENT

This contract is for the sale of structured settlement payments payable under annuity policy
number AA9609 (policy) issued by Symetra Life Insurance Co. (issuer) by and among CBC
Settlement Funding, LLC (we, us, our) and C@gCachu (you, your, seller).

You will sell the future annuity payments identified on Exhibit A to us for the purchase price
of $23,847.84, according to this contract and the documents listed on the Listof Closing
Documents.

DISCLOSURE NOTICE REQUIRED BY LAW
This Agreement shall not be effective and final until the date on which a court
enters a final court order approving the transfer agreement. Payment to Y ou
pursuant to this Agreement may be delayed 30 days or more in order for the court
to review and approve the transfer outline in this A greement.

Y ou have agreed to sell to the transferee the following future payment: 47
MONTHLY PAYMENTS IN THE AMOUNT OF $732.00 BEGINNING
DECEMBER 24, 2020 THROUGH AND INCULDING OCTOBER 24, 2024.
The aggregate amount of the future payments equals $33,695.00.

The gross amount payable to Youis: $23,847.84.

The following expenses will be deducted from the gross purchase price:

Compliance and administrative fees: $0.00

Filing and related expenses: $0.00

The net purchase price payable to you is: $23,847.84

Those future payments have a discounted present value equal to $33,426.35,
calculated by applying the discount rate of 0.4% utilized by the Internal Revenue
Service to value annuities in probate proceedings. This is the value of your
structured settlement in current dollars.

The net amount that you will receive from us in exchange for your future
structured settlement payments represents 71.34% of the estimated current value of
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

the payments based upon the discounted value using the applicable federal rate.

Y OU WILL BE PAYING THE EQUIVALENT OF AN INTEREST RATE OF
19.99% PER YEAR. Based on the net amount that you will receive from us and
the amounts and timing of the structured settlement payments that you are
transferring to us, if the transferred structured settlement payments were
installment payments on a loan, with each payment applied first to accrued unpaid
interest and then to principal, it would be as if you were paying interest to us of
19.99%, assuming funding on the effective date of transfer.

The court approving the transfer agreement retains continuing jurisdiction to
interpret and monitoring implementation of the agreement as justice may require.

If you believe you were treated unfairly or were misled as to the nature of the
obligations you assumed upon entering into this agreement, you should report
those circumstances to your local district attorney or the office of the Attorney
General.

YOU HAVE THE RIGHT TO CANCEL THIS AGREEMENT WITHOUT
COST OR OBLIGATION UNTIL THE DATE THE COURT APPROVES
THIS AGREEMENT. YOU WILL RECEIVE NOTICE OF THE COURT
HEARING DATE WHENAPPROVAL MAY OCCUR. YOU MUST
CANCEL IN WRITING AND SEND YOUR CANCELLATION TO:

CBC SETTLEMENT FUNDING, LLC
UNDERWRITING DEPT.
181 WASHINGTON SI., SUITE 375
CONSHOHOCKEN, PA 19428

Y ou should obtain independent professional advice regarding any federal and state
income tax consequences arising from the proposed transfer. We may not refer
Y ou to any specific advisor.
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

Defined Terms

Business day means any weekday that banks are open for normal business in New York City.

CBC Settlement Funding, LLC means CBC Settlement Funding, LLC a Delaware Limited Liability
Company.
Closing date means the date on which the purchase price is released to the seller.

Contract or contract documents means, this Purchase Agreement and the documents listed on
the List of Closing Documents, and any other documents incorporated by reference.

Contract date means the date on which the parties execute the signature page of this contract.

Encumbrance means any claim, right, lien, policy loan, or restriction.

Issuer means the life insurance company that issued the policy.

Obligor means the entity which is listed as the owner of the policy.

Party means one of you or us. Parties means both you and us.

Person means any natural person or legal entity.

Policy means the annuity policy described on this contract’s first page and on Exhibit C ~ Policy
Description.

We, us, or our means CBC Settlement Funding, LLC, with its successors, assigns, and
designees.

You or your means the person named on this contract’s first page. Some of the documents
listed on the List of Closing Documents referto you as the seller.
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

Sale of the policy

A On the closing date, you will; (i) Sell, transfer or assign to us the policy free from
any encumbrance; and (ii) name us the policy’s sole payee and beneficiary for the
duration of the payments listed on ExhibitA.

In exchange for; (i) selling the payments listed on ExhibitA; (ii) changing the
beneficiary to us; and (iii) fulfilling your promises under this contract,

we will pay you the purchase price.

We are not buying any additional benefits that may be payable under the Policy. Any
additional unencumbered payments go to the address designated by you.

ll Purchase price

A The net purchase price is $23,847.84, payable by check or ACH.

B The purchase price is fair and reasonable to you and us.

You understand that the purchase price is less than the aggregate payments being
sold.

You understand that we may have to hold back a portion of the purchase price until
such time as the issuer provides confirmation that all payment transferred pursuantto
this agreement will be sent to us. The hold back payments may be used to satisfy any
payments received by you belonging to us. You understand that we may have to
escrow a portion of the purchase price until such time as the issuer provides
confirmation that all payment transferred pursuantto this agreement will be sent to us.
The escrowed payments may be used to satisfy any payments received by you
belonging to us. From the closing date, you will provide updated contact and banking
information for ninety (90) days. Failure to do so will subject escrowed payments to a
monthly service fee after ninety (90) days of one-half (1/2) of one (1) percent.

Hh. Closing procedures

Before the sale can be completed, the following conditions must be satisfied

A You provided us signed originals of the contract documents.

B You provided us all documentation about the policy.

You are living on the closing date.

To the best of your knowledge (i) Every statement made by you in this contract and
the closing documents is true and complete on the closing date; and (ii) There is
no threatened or pending litigation, governmental action or change in law or rule that
affects the legality and enforceability of this contract.

IV. Your representations

Except as disclose by you in the contract documents, you represent
and warrantto us that on
the contract date all of the following:

A You are the policy’s sole and undisputed payee.
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

The payments listed on Exhibit A are free of any encumbrance.

There are no restrictions on your ability to sell the policy to us.

No law, divorce decree or other legal proceeding (i) requires you to keep the policy for
the benefit of a current or former spouse, dependent children, or other person; or (ii)
forbids you from contracting with us, selling the policy, and changing the policy’s
beneficiary.

You are competent
and have the authority to contract with us to sell the payments.

Either You have never filed for bankruptcy; or If you filed for bankruptcy, the policy was
not subjectto the claims of your creditors. You gave us a copy of the bankruptcy
discharge papers and any bankruptcy papers related to the policy.

You have fulfilled all child support.

There are no tax liens against you or your property, including the policy.

You legally live in, and your primary residence is in, the State of CA

Any future owner of the payments will have all of our rights and duties you owe to us
under this contract. This includes the rightto make a claim against you for violating any
of the representations or promises you made in this contract.

You had sufficient time to consider the sale of the policy and this contract.

You got independent professional advice about the sale of the policy and this contract
or knowingly waived such advice.

We did not provide tax, financial, or legal advice about this contract.

The issuer may require that the entire monthly payment be sent to us even if you have
not sold the entire payment. In such an event, we will timely remit any portions due you
to such address as you may designate.

You freely and voluntarily agree to this contract.

If you are married, your spouse understands this contract.

We may sell, transfer, or assign the policy in a sale, securitization, or other financing
transaction (resale).

You recognize that after the cancellation period we will expend significant legal fees to
obtain court order approval of this transaction. You will not enter into any other
agreement with any other third party to sell any of the payments outlined in ExhibitA.

Your promises to us
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

Before and after the closing date, you will cooperate in completing and signing
documents to transfer the policy’s ownership and change its beneficiary and correct any
documentation errors in this contract; and

From the contract date to the closing date, you will not; (i) sign any agreementto sell
the policy to any person other than us, (ii) change the policy’s owner or beneficiary to
any person other than us, or (iii) grant any other encumbrance against the policy.

From the contract date to the closing date, you will give us any information necessary
to update your representations and promises in this contract. You will provide updated
documents and information when they become available.

Restrictions on Assignment: Your Settlement Agreement and related settlement
documents may contain language prohibiting your powerto accelerate, defer, increase,
decrease or assign your payments. You hereby waive and release any such restriction if
your settlement agreement and/or related settlement documents contain this or similar
language. As such, you understand and agree that you will never claim or assert that the
payments you are now selling were not transferrable, or that this language renders this
Agreement void and/or voidable.

VI Cancellation by us

We may cancel this contract before the closing date if:

A You breach any representation or warranty contained in this contract.

B We are sued or threatened with any litigation or regulatory action regarding about this
contract or the policy.

Any voluntary or involuntary bankruptcy is filed involving You.

You are no longer living.

A major rating agency downgrades the issueror obligor’s credit rating.
F The issuer or obligor is insolvent or under regulatory supervision.

G We are unable to provide the purchase price when due.

Vil. Cancellation by you

A You may end this contract priorto the tenth (10th) day following your execution of this
contract and the disclosure statement. This is the cancellation period.

B To end this contract, you must notify us in writing before the cancellation period ends

Vill. Notices

All notices about this contract must be in writing. Notice is deemed delivered when received at
the addresses listed below:

If to you:
CCE Cachu
am:
oa
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

If to us:
CBC Settlement Funding, LLC
181 Washington St. Suite 375
Conshohocken, PA 19428

IX Miscellaneous

This contract is the entire agreement between you and us.

Both parties must agree in writing to any change to this contractor waiver of its terms.

You cannot voluntarily or involuntarily sell, assign, or transfer this contract, or any of
your rights or duties under this contract.

If there is more than one of us or you, this contract applies to all of those people
together, and to each of them on their own.

This Agreement shall be governed and enforced in accordance with the internal laws of
the state governing the court order. In the event that the applicable Structured
Settlement Protection Act does not specify the law, this Agreement and any disputes
thereunder shall be governed by the laws and courts of the Commonwealth of Delaware.

Failure to enforce any provision of this contract is not a waiver
of that provision.

If a court undoes any part
of this contract, the rest of the contract remains valid.

The parties may sign this contract in one or more counterparts. Each counterpart will be
considered an original.
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

Making misleading or false statements or representations is a crime and penalties may include
imprisonment, fines, denial of benefits, and civil damages.

CBC SETTLEMENT FUNDING, LLC
UNDERWRITING DEPT.
181 WASHINGTON SI., SUITE 375
CONSHOHOCKEN, PA 19428

The parties signed this contract on the dates written below:

Your CCE Cachu
janed by:

LL 10/16/2020
Ue FES HEture) (Date)

(Sellers Spouse’s Signature, if applicable) (Date)

CBC SETTLEMENT FUNDING, LLC

Wika Palbey
-------------------%_-------------
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A,

Exhibit A

The following payments are to be transferred pursuant to this Agreement:

47 MONTHLY PAYMENTS IN THE AMOUNT OF $732.00 BEGINNING
DECEMBER 24, 2020 THROUGH AND INCULDING OCTOBER 24, 2024.

Any remaining unencumbered payments shall remain payable to Y ou.
Exhibit "B"
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A

SCHEDULE 1
DISCLOSURE NOTICE REQUIRED BY LAW

You are selling (technically called ‘transferring’) your right to receive
your payments under a structured settlement. You should get this
disclosure notice at least 10 days before you sign any contract.

IMPORTANT TERMS

You have agreed to sell to the transferee the following future
payment: 47 MONTHLY PAYMENTS IN THE AMOUNT OF $732.00
BEGINNING DECEMBER 24, 2020 THROUGH AND INCULDING
OCTOBER 24, 2024. We will purchase those future payments totaling
$33,695.00 in exchange for a purchase price of $23,847.84.

Those future payments have a discounted present value equal to
$33,426.35, calculated by applying the discount rate of 0.4% utilized
by the Internal Revenue Service to value annuities in probate
proceedings. This is the value of your structured settlement in
current dollars.

The purchase price to be paid to you was calculated using a
discount rate of 19.99%.

The Purchase Price payable to you is less than the present value of
the future payments state above because the discount rate of your
transaction is greater than the rate utilized by the Internal Revenue
Service.

For comparison purposes:

If you did not sell your rightto receive structured settlement
payments, but instead borrowed the net amount of $23,847.84 and
paid that loan back in installments with each of the payments you are
now Selling, the equivalent interest rate you would be paying for the
loan would be 19.99% per year
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A

To figure the net amount we are paying, we have charged you for the
following expenses:

Compliance and Administrative fee: $0.00.

Related Expenses fee: $0.00.

For a total of $0.00 in expenses.

You should get independent professional advice about whether
selling your structured settlement payments is a good idea for you
and for your dependents.

You are advised to seek independent legal or financial advice
regarding the transaction and, under the law, the cost of that advice,
up to one thousand five hundred dollars ($1,500) will be paid by the
transferee, the person or entity to whom you have agreed to transfer
and assign the payments in question. The transferee or purchaser’s
accountant, counsel or actuary may not advise you in this
transaction.

You also should get independent professional advice from an
accountant or lawyer experienced in tax matters about any income tax
consequences from selling your structured settlement payments. We
cannot give you the name of anyone to advise you.

Court approval is needed. A court must approve any agreement you
sign to sell your rights under a structured settlement. You will not
receive any money until the court approves the sale. Court approval
could take more than 30 days following the day you sign an
agreement selling your rights under a structured settlement.

A sale of future structured settlement payments will mean that you
will no longer receive the future payments that are sold. You are
advised to enter into this transaction only after you have carefully
considered the consequences of the transaction.
DocuSign Envelope ID: 75B32B80-12A4-4A03-B99D-8F40B07EF54A

You may cancel the contract before court approval. You may cancel
the agreement selling (or transferring) your rights under a structured
settlement without any cost or obligation. You may cancel at any time
before the court approves the contract. You will get notice of the date
of the court hearing.

If you wantto cancel, you do not need any special form. But, you
must cancel in writing. Send your cancellation to:

CBC Settlement Funding, LLC
181 Washington St., Suite 375
Conshohocken, PA 19428
Attention: Underwriting Department

If you believe that you have been treated unfairly or have been misled,
you should contact your local district attorney or the state Attorney
General.

| hereby acknowledge by signing below that | have read the
aforementioned paragraphs in this disclosure statement and confirm
receipt of this disclosure at least ten (10) days prior to signing the
contract.

in iSigned by:
[!
FaBperéore1Mz6
Date: 10/16/2020

Case Info

Judge

Speiller, Stacy Track Judge’s New Case

Case No.

(Subscribe to View)

Document Filed Date

October 16, 2020

Case Filing Date

October 16, 2020

County

Parties

For full print and download access, please subscribe at https://www.trellis.law/.

Complaint,Petition: In Re CACHU, C.

Preview

Related Topics

Case Info

Parties