Superior Court of California
County of Los Angeles
DEPARTMENT 72
TENTATIVE RULING
DRB Capital, LLC Petitioner,
In Re: K.B.
Case No.: 20STCP02841
Hearing Date: October 13, 2020
DRB Capital, LLC’s Petition is GRANTED.
Legal Standard
This Petition is governed by Insurance Code sections 10134–10139.5. (See also 321 Henderson Receivables Origination LLC v. Sioteco (2009) 173 Cal.App.4th 1059, 1066.) Under Insurance Code section 10137, a transfer of structured settlement payment rights is void unless a court reviews and approves the transfer and finds the following conditions are met:
a. The transfer of the structured settlement payment rights is fair and reasonable and in the best interest of the payee, taking into account the welfare and support of his or her dependents.
b. The transfer complies with the requirements of this article and will not contravene other applicable law, and the court has reviewed and approved the transfer as provided in Section 10139.5.
Pursuant to Ins
Hearing Date
October 13, 2020
Type
Other Civil Petition (General Jurisdiction)
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Superior Court of California
County of Los Angeles
DEPARTMENT 72
TENTATIVE RULING
DRB Capital, LLC Petitioner,
In Re: K.B.
Case No.: 20STCP02841
Hearing Date: October 13, 2020
DRB Capital, LLC’s Petition is GRANTED.
Legal Standard
This Petition is governed by Insurance Code sections 10134–10139.5. (See also 321 Henderson Receivables Origination LLC v. Sioteco (2009) 173 Cal.App.4th 1059, 1066.) Under Insurance Code section 10137, a transfer of structured settlement payment rights is void unless a court reviews and approves the transfer and finds the following conditions are met:
a. The transfer of the structured settlement payment rights is fair and reasonable and in the best interest of the payee, taking into account the welfare and support of his or her dependents.
b. The transfer complies with the requirements of this article and will not contravene other applicable law, and the court has reviewed and approved the transfer as provided in Section 10139.5.
Pursuant to Ins