Litigation

Present Value and The Structured Settlement Factoring Transactions

Posted on March 11, 2008
In a recent blog post Andrew Cravenho of Settlement Quotes Factoring Exchange does a nice job of illustrating present value to help explain amounts received in structured settlement factoring transactions. He uses the recent New York Cimielewski case that we...

What's in A Vig? A Glossary of Essential Terms

Posted on March 10, 2008
Veni Vidi Vigi Latin for "I came- I saw- I took Vig-Itation Rights The right to vig movement promoted by the earthy crunchy settlement planner Mack Phillistine VigStock An annual gathering of the disciples of Mack Phillistine in "The Vig...

Eliot Spitzer INDICTED For Involvement in Prostitution Ring According to New York Times...Expected to Resign

Posted on March 10, 2008
New York is roiling by today's New York Times report that New York Governor Eliot Spitzer has informed his most senior administration officials that he had been involved in a prostitution ring. He is set to make an announcement at...

JG Wentworth BOOTED off Quote Me A Price Factoring Exchange

Posted on March 10, 2008
Quote Me A Price (QMAP) is one of the two factoring exchanges in place to help consumers get better deals if they find themselves in financial hardship and have exhausted all other options. It is impossible to have a fair...

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Sales of Annuitant Lists Should Be Banned

Posted on March 09, 2008
A company called E-Promos proudly displays Peachtree Settlement Funding's holiday mailer. which it claims "it prepared and sent the mailer to 21,000 potential new Peachtree clients". As many settlements include a confidentiality clause what's up with this? Since there was...

"They Do Nothing But Feed You Lies Upon Lies"

Posted on March 09, 2008
This following is a currently live post on Yahoo Answers, posted 5 days ago. It speaks for itself. "Has Anyone Dealt With JG Wentworth Before? I have been dealing with them for close to 7 months now and I am...

SSP Annual Meeting...DealFlow Media Mistakes "Hyenas" Lawyer For "Gorilla"

Posted on March 09, 2008
Apparently DealFlow Media's Alex Horvath doesn't watch Animal Planet. In a March 6, 2008 story posted on its Structured Settlements Wire, DealFlow Media mischaracterized a panel featuring 3 "experts" at the Society of Settlement Planners Meeting as a fete of...

Deal Flow Media Inaccurate Reporting Continues

Posted on March 09, 2008
In the February 6, 2008 issue of its publication Structured Settlements Report, DealFlow Media carried a story titled "Web Based Auction Site Pits Factoring Firms Against Each Other". The owner of the website, Quotemeaprice.com claimed yesterday that he was misquoted...

CPA Journal Highlights the Increasing Importance of Blogs

Posted on March 09, 2008
The December 2007 issue of The CPA Journal commented on the increasing importance of blogs as sources of information on a wide range of topics.

Haunting Report About JG Wentworth From A Distraught Aunt...A MUST READ!

Posted on March 08, 2008
If this doesn't galvanize people's anger about factoring company business practices, or clearly underscore the need to beef up the so-called "standards" employed by some judges in the "best interest" process, I don't know what will. PLEASE READ THIS! "I...

Who Watches JG Wentworth Commercials? Is There A Common Denominator?

Posted on March 08, 2008
It has already been established who JG Wentworth's target market is by the nature and timing of its commercials. A series of videos posted on YouTube amplify those assumptions For example, click here are apparent rejects from the auditions for...

Structured Asset Funding "Capitalizing" on Consumer Frailty

Posted on March 07, 2008
Factoring Companies Structured Asset Funding and Stone Street Capital ought to mindful of the misleading adverting that they are putting out in their Google Adwords (pay per click campaigns) Consider these three ads which appeared in a search for "structured...

Is JG Wentworth Intimidating Competitors?

Posted on March 06, 2008
Is JG Wentworth being affected by its smaller nimble competitors who have lower overhead, who are slowly eating away at them like fire ants and have outted the truth about its quoting practices? Has this affectation manifested itself by JG...

DealFlow Media still seeking Advertising with promises of Access To Phantom Structured Settlement Industry Specialists

Posted on March 06, 2008
Six weeks after its product launch DealFlow Media is apparently finding advertisers willing to pony up cash (for ads on its Structured Settlements Wire) hard to come by. It's not hard to see why, given that the industry does not...

Why Doesn't JG Wentworth Give People Their Best Quote Right Away?

Posted on March 06, 2008
If JG Wentworth will not give you their best quote right away, then someone comes in with a much better quote and JG Wentworth decides to match, should you still do business with JG Wentworth? If the above happens you...

Google Adsense Mills Right "Out of The Box"

Posted on March 06, 2008
Ever wonder why you see the same crappy articles on structured settlements circulated over and over again on pages where the structured settlement content is an after thought to a jungle of Google Adsense nonsense? One explanation is people who...

Structured Settlement Industry Rumor Scotched

Posted on March 05, 2008
A rampant rumor circulating today throughout the structured settlement industry, that a major factoring company has an ownership interest in, or is providing the financing for, a structured settlement general agency has been 100% categorically denied by the owner of...

Structured Settlement Factoring Transaction

Posted on March 05, 2008
At the time of this writing JG Wentworth's glossary STILL doesn't have the words "structured settlement factoring transaction", "qualified order" or even "factoring" in its glossary of key factoring terms. WHY has such fundamental terms for factoring (two of which...

Are Factoring Companies Violating Laws In Acceding to Those Structured Settlement Brokers Who Demand "Factoring Super Vig"?

Posted on March 05, 2008
The Deal Flow media headline and teaser reads: "Factoring Companies Take Heat For Referral Fees Factoring companies offering referral fees to structured settlement consultants may not be violating any state insurance laws. But whether or not the practice is ethical...

Wrap Regulation of "Secondary Market" for Life Insurance and Structured Settlements Under One Umbrella

Posted on March 04, 2008
JG Wentworth issued a Press Release today promoting its now being licensed for life settlements in 22+ states. Perhaps factoring companies are not so resistant to be licensed after all! So why, 6 years after tax relief was granted by...

There is No Grace In A Kick Back!

Posted on March 04, 2008
In his blog "Super Settlement Planning" Robert A. Risk, II, a broker with Settlement Professionals, Inc., doing business as Structured Settlement Sevices, LLC, out of Tulsa, Oklahoma, pontificates about corporations being bad for corporations (to counter the tort reforming proponents...

Cutting "The Cheese" Regarding Allstate AFEN v Symetra SABSCO/Clearscape

Posted on March 03, 2008
"Deal Schmos" Editor Brett "Goat Cheese" needs to get the word around to his troops. DARER DOESN'T SUPPORT DEALFLOW MEDIA! This afternoon I get this email from a freelance writer for DealFlows' Structured Settlements Report: "Hi. I am a freelance...

Colorado Elder Lawyer Susan G. Haines Disbarred

Posted on March 03, 2008
Sources say that a well known Colorado lawyer who wrote or co-wrote a number of white papers related to the structured settlement industry, including " The Use of Medicare Set Aside Trusts in Workers Compensation Settlements" and "Protecting the Disabled...

Structured Settlement Mutual Funds Don't Exist

Posted on March 03, 2008
How often do you find yourself saying: "I wish I knew how to learn more about structured settlement mutual funds"? So asks so-called "expert" Ken Austin in an article posted on Ezine. Answer: About as often as one contemplates navel...

Structured Settlements...How Well Do You Know IRC Section 130?

Posted on March 02, 2008
Prior to delivery of the annuity contract and signed qualified assignment to the parties , there should be a review of the documents by the structured settlement broker (or settlement planner) to be sure that all of the terms of the structured settlement are accurately reflected in the annuity contract AND, among other things, that the transaction falls within the statutory guidelines set forth in IRC 130...

Ringmaster Shapiro and the Woodbridge Investments' "Structured Settlements" Basics Deficient Three Ring Circus

Posted on March 02, 2008
Structured settlement aper Woodbridge Investments claims that one of the advantages to working with it is the "talented and professional staff". Here's are selections from the work product of its "talented professional staff" as they appear on the Woodbridge Investments corporate web site: "Whether you want to buy a new house, pay down old debt, pursue a business opportunity, or just free up more cash-flow, selling structured settlements to Woodbridge Settlement Funding can put your award to work today...

Serious Questions For All NSSTA Members and NSSTA Board Accountability

Posted on March 01, 2008
The upcoming NSSTA Annual Meeting in 6 weeks at Torrey Pines should be an interesting one. A number of things have surfaced in the last year that ARE affecting, or have the potential to affect the businesses of NSSTA members. I have the feeling however, that the majority of NSSTA members are neither aware of the issues, nor are they aware of how their businesses are being affected or how there businesses will be affected...

DealFlow Media Removes Factoring Fantasy Post-Hands Sole Possession of "Bad Taste" Crown to Bentzen

Posted on March 01, 2008
No doubt wilting under pressure put on it from in the aftermath of bad "supermarket tabloid" reporting, DealFlow Media has removed a controversial post from its Structured Settlements Wire. The crown of incredibly bad taste however, now resides on the head of the odious Rhonda Bentzen, who still publically memorializes the story...

Those Who Took Too Much "Cash Now" Got "Scalped"!

Posted on March 01, 2008
It's certainly not a good idea to take too much "cash now". But some folks just discovered that taking too much "cash now" it isn't a party under Native American law. In a recent decision in at the Mashantucket Pequot Tribal Court (near Ledyard CT) captioned Mashantucket Pequot Gaming Enterprise v Chagnon (CV-DC-2006-141) Dec...

Structured Attorneys Fees: More than Just Tax Deferral!

Posted on March 01, 2008
If properly designed, structured attorney fees can save and defer taxes for the attorney or law firm.  The savings can be significant due to deferring the taxation on the principal and on the accrued but unpaid interest.  In other words, if properly designed, neither the principal nor the interest earned on the principal are taxed as ordinary income until the year payments are received...

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