Litigation

Take New York CPLR 50B Judgment or Take Settlement?

Posted on December 14, 2010
Would you put 20% of your money away in an investment that is guaranteed to lose money and 80% of your money in an investment with less than 1% rate of return over less than a decade? HELL NO! Such a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Structured Settlement "Invester" Relations

Posted on December 13, 2010
If you are looking for information from a structured settlement professional, or any other type of financial professional and expect to be taken seriously be sure to to leave your name, telephone... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Is Fairfield Funding Misrepresenting That It Gives The "Best Structured Settlements"?

Posted on December 11, 2010
Factoring company Fairfield Funding advertises "best structured settlements always" in a Google adwords ad placement that comes up on the grid when searching for structured settlements. It's a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Beverly Hills Bag Lady Settlement Ponzi Scheme News Podcast

Posted on December 10, 2010
Watch John Darer's video podcast on Legal Broadcast Network on the subject of Rosi Ray, the Beverly Hills "Bag Lady" who was indicted on December 1, 2010 for allegedly fleecing investors of $11... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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The Imperial Structured Settlements Make Your Money Work for You Fallacy

Posted on December 10, 2010
How can a cash now pusher like Imperial Structured Settlements solicit consumers to "make your money work for you"* when its solution is essentially premised on the consumer first liquidating cash... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

It's Not A Question IF Stone Street Took a Few Liberties, They Did!

Posted on December 10, 2010
How can Stone Street Capital in good conscience advertise "free structured settlement annuity quote"? T Stone Street Capital "busted" for "monkey see monkey do" The apparent owners of the website... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Obama Estate Tax Deal Reached with Republicans!

Posted on December 07, 2010
President Obama has brokered a broad tax deal with Congressional Republicans that includes a reinstatement and two-year extension of the estate tax that would provide a $5 million exemption for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

New Settlement Annuity Ponzi Scheme: Investors Duped by Beverly Hills "Bag Lady"

Posted on December 06, 2010
In an absolute testament to investors' sheer gullibility, apparently 180 people were allegedly duped out of $11 million believed to be going into investments in "court owned settlement annuities" by... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dumbest Things Said About Structured Settlements-4

Posted on December 06, 2010
We continue our series "Dumbest Things Said About Structured Settllements" with the following that appeared in a December 5, 2010 article by Michelle Tornetta on Suite101 A. Any time you agree to a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Bill Would Amend Internal Revenue Code to Exclude Retirement Plan Distributions for Unemployed

Posted on December 06, 2010
Is help at hand for Americans who have had to tap their pension plans and retirement accounts to keep their head above water? H.R 6474 is a bill introduced by Jim McDermott (D-Wash.) would amend the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tax Policy Financial Calculator: How You Do under 2010 or 2011 Tax Scenarios

Posted on December 05, 2010
A new financial calculator at Taxpolicy.org helps you understand how current tax policy affects real families and what would happen if we changed that policy. With this useful tool, you?ll be able to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

John Darer/ Scott Drake LBN Podcast on NSSTA/ NASP Meetings in Las Vegas

Posted on December 03, 2010
Structured settlement expert John Darer, from Stamford Connecticut, gives his round up of the recent conferences of the National Structured Settlement Trade Association (NSSTA) and National... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tim Denehy Joins First Capital Surety and Trust Company

Posted on December 03, 2010
Industry veteran Tim Denehy has joined First Capital Surety and Trust Company, a Mikwaukee based provider of settlement trusts and fiduciary services notable for providing blended trust solutions for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

NY Insurance Department Issues Opinion on Guaranty Fund Ads in Social Media: Unlawful

Posted on December 01, 2010
Insurance agents and brokers who want to jump aboard the social media train should know who how social media interplays with insurance advertising laws. In a November 22, 2010 opinion the New York... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Cam Mears Joins Strategic Capital Corporation

Posted on November 30, 2010
W. Campbell Mears, Jr., CPA, CSSC has joined Strategic Capital Corporation, a national provider of post-settlement funding services, as Vice President. In a November 30, 2010 interview with the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

What a Great IDEA it was!

Posted on November 30, 2010
The Education for All Handicapped Children Act, P.L. 94-142, (also known as the Individuals With Disabilities Education Act, or IDEA), was signed into law 35 years ago this week, on November 29,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Structured Settlement Factoring Industry Begins to Place Less Emphasis on "Cash Now"

Posted on November 30, 2010
Observers of the structured settlement factoring marketplace should begin to see less use of the memorable but misleading catch phrase, "cash now". in conjunction with promises to deliver cash in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Allstate Advanced Funding Exchange Notifications: I Told You So 4 1/2 Years Ago!

Posted on November 26, 2010
Missing from the NSSTA commentary of the excellent job that New York judges are doing in enforcing the New York Structured Settlement Protection Act, in Washington Square Financial, LLC v. Allstate... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

CPAs Recommending Clients Buy Structured Settlement Payment Rights

Posted on November 26, 2010
I was at a social gathering recently when one of the guests approached me and related that his CPA is suggesting that he purchase structured settlements for his retirement plan. I've reported here... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Boxer Faces Financial TKO

Posted on November 24, 2010
Last Sunday's New York Post carried the rags-to riches-to rags story of 5 time world champion Iran Barkley, who defeated Thomas "The Hitman" Hearns twice in his pomp (1988 and 1992) and is a member... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Seller Preserves $30,000 of Her Structured Settlement Present Value By Shopping Around

Posted on November 24, 2010
From time to time we get calls from people looking to sell their structured settlement payments. For over 5 years, having observed that the quality of information provided to such callers was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Lawyers Who Call Themselves "Structured Settlement Attorneys"

Posted on November 23, 2010
Settlement consultants come from a variety of backgrounds including insurance, securities, law and accounting and sales. Over the years there have been alot of creative labels used to describe those... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Ringler Associates "Scoop": Genworth "Offering Structured Settlements in 2010"!

Posted on November 22, 2010
Are happy days here again? Following on the heels of the recent structured settlement industry announcement that Mutual of Omaha " will be rejoining the industry in 2011, Has the supreme "Machir"... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

In Force Structured Settlement Rates Offering Great Values This Week

Posted on November 22, 2010
Some of this week's in force structured settlement offerings we've seen, appear to provide some outstanding values. 10 -13 year duration income streams with IRRs of 5% to 6.4% 12-13 year duration... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Is Tulsa Lawyer Dick Risk a Structured Settlement Broker?

Posted on November 20, 2010
Tulsa attorney Dick Risk was inadvertently mischaracterized as a "structured settlement broker" by the Factoring Channel, the Settlement Capital blog, in a post dated November 5, 2010. In context of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

They're Exploiting Roth IRA Conversions With Factored Structured Settlements

Posted on November 20, 2010
A sophisticated financial cocktail is now being served by financial advisors that purports to dramatically save taxes for Americans with substantial wealth in their IRA who are facing the higher tax... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

All In The Factoring: A "Bunker" Mentality, Starring the NSSTA Blog

Posted on November 19, 2010
All the hoopla about how the National Structured Settlemnets Trade Association has attempted to maximize the PR value of Bronx Judge Norma Ruiz' mischaracterization in the Feliciano decision reminds... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

The Hartford Is a Good Neighbor

Posted on November 18, 2010
It was nice to read something good about The Hartford. Today Hartford announced that it will invest $7 million over five years to help redevelop the Asylum Hill section of Hartford, Connecticut, the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Rescue "Crapital"

Posted on November 18, 2010
A company called Rescue Capital wants you to cash out your structured settlements with the justification being this piece of ""donkey dung: "Interest rates offered five years ago by insurance... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dumbest Things Said About Structured Settlements -3

Posted on November 17, 2010
Some of the dumbest things said about structured settlements are by foreigners in remote lands whose financial literacy is undermined by an apparent inability to communicate in English, or the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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