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  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
  • In Re C, RTransfer of Structured Settlement Payment Rights: Unlimited  document preview
						
                                

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1 JAMES R. FELTON, ESQ. (State Bar No. 138767) Electronically Filed jfelton@gblawllp.com 10/21/2020 12:14 PM 2 G&B Law, LLP 16000 Ventura Boulevard, Suite 1000 Superior Court of California 3 Encino, California 91436 County of Stanislaus Tel: (818) 382-6200 • Fax: (818) 986-6534 Clerk of the Court 4 By: Sonia Krohn, Deputy Attorneys for Petitioner 5 J.G. Wentworth Originations, LLC 6 7 8 SUPERIOR COURT OF THE STATE OF CALIFORNIA 9 FOR THE COUNTY OF STANISLAUS. CITY TOWERS COURTHOUSE (CIVIL) 10 11 IN RE R. C.; CASE NO.: CV-20-004697 12 APPROVAL FOR TRANSFER OF PAYMENT UNLIMITED JURISDICTION RIGHTS BY AND BETWEEN R. C. ~ ~ G&B Law, LLP 13 TRANSFEROR, AND J.G. WENTWORTH ORIGINATIONS, LLC TRANSFEREE DECLARATION OF R. C. IN SUPPORT 14 OF PETITIONER'S PETITION FOR APPROVAL FOR TRANSFER OF 15 PAYMENT RIGHTS BY AND BETWEEN R. C. AND PETITIONER PURSUANT TO 16 CALIFORNIA INSURANCE CODE § 10134, ET SEQ. 17 DATE: 12/03/2020 18 TIME: 08:30 AM DEPT: 22 19 20 I, R. C., declare as follows: 21 1. I am the Transferor with reference to the above described Petition. I am 22 years old 22 and I am single. I reside in Stanislaus County, California. I have personal knowledge of all facts 23 stated in this declaration, and if called as a witness, I could and would competently testify as 24 follows: 25 26 27 28 1 DECLARATION IN SUPPORT OF PETITIONER'S PETITION FOR APPROVAL FOR TRANSFER OF PAYMENT RIGHTS 1970774.1 - 30464 5750 1 2. This declaration is made in support of Petitioner's Petition for Approval for Transfer 2 of Structured Settlement Payment rights by and between me, R. C., and J.G. Wentworth 3 Originations, LLC and/or its assigns, Pursuant to California Insurance Code § 10134, et seq. 4 3. I have agreed to sell a portion of my interest in a structured settlement to Petitioner 5 Specifically, I have agreed to sell those certain annuity payments due and owing to me which are set 6 forth in the Purchase Agreement and which is incorporated into the Petition as Exhibit "A" thereto. 7 4. I believe it is in my best interest to enter into the transaction contemplated in the 8 Purchase Agreement as the original structured settlement entered into by me on 2/6/2008 which is 9 attached as Exhibit “D” to the Petition. The settlement was intended as compensation for a personal 10 injury claim. 11 5. I am transferring 3 monthly payments of $750.00 of a total payment of $750.00 12 beginning on 12/24/2020; one payment of $30,000.00 of a total payment of $60,000.00 due on 13 3/24/2025; one payment of $174,150.56 of a total payment of $174,150.56 due on 3/24/2028. If 14 approved, I will receive $151,000.00 from the transaction. 15 6. When the original settlement was completed, the future period payment(s) that are the 16 subject of the proposed transfer were not intended to pay for the future medical care and treatment 17 relating to the incident that was the subject of the settlement. The settlement was monetary in its 18 entirety. 19 7. When the original settlement was completed, the future periodic payments that are the 20 subject of the proposed transfer were solely monetary in nature and were not intended to provide for 21 necessary living expenses. - 22 8. I am 22 years old. My address is: 23 . I have no minor children. I am not married. I am a full-time student and own two rental 24 properties earning $2,500.00 per and I do not have any court-ordered child support obligations. 25 9. I have completed a previous transaction on 2/21/2020 through the Stanislaus County 26 Court (Case # transferring one payment of $35,000.00 due on 3/24/2023; one 27 payment of $30,000.00 due on 3.24.2025 to J.G. Wentworth Originations, LLC. From the 28 settlement, I received $45,000.00. 2 DECLARATION IN SUPPORT OF PETITIONER'S PETITION FOR APPROVAL FOR TRANSFER OF PAYMENT RIGHTS 1970774.1 - 30464 5750 1 10. I have not attempted previous transactions involving my structured settlement 2 payment that were denied, dismissed or withdrawn prior to a decision on the merits, within the past 3 five years. 4 11. I am currently experiencing a financial hardship. If approved, I will use the money 5 received from the proposed settlement to expand my existing business and purchase another rental 6 property for investment. 7 12. I did not receive independent legal or financial advice regarding the proposed 8 transaction. A copy of the waiver is attached to Exhibit "E" of the petition. 9 I declare under penalty of perjury under the laws of the State of California that the foregoing 10 is true and correct and that this declaration is executed on O~X)( ( t(J 2ol,O at 11 C -==--