20-6665 DRB Structured Settlement 9/10/2020

Petitioner DRB Capital, LLC petitions for approval of transfer of structured settlement payment rights of I.M. Having considered the petition, the court issues the following tentative ruling:

No opposition has been filed.

It appears that all appropriate notices have been made.

The original award to I.M. occurred in 1994 and arose out of a claim for personal injuries suffered by his father.

Now, I.M. seeks to transfer future monthly payments of $4,465.64 beginning in the year 2046 which would total $926,714.09. In return, I.M. would now receive one payment of $22,370.45.

I.M.has previously completed a transaction from his litigation award in 2018 for $462,590.44.

I.M. is now single and has three minor children. He currently receives an annuity of $7,200.00 per month.

He intends to use the proceeds to remodel his house for himself and his three minor children.

There is no court-ordered support obligation.

I.M.has signed an acknowl