Articles tagged with: Factoring Companies
A new investment product is showing up at settlement conferences. Often referred as “re-factored annuities” or “secondary market annuities,” these are structured settlements that have been sold by an injured party to a factoring company (i.e., Peachtree, J.G. Wentworth), which then pools them and sells the re-packed structures in the secondary market. Tax issues and safety concerns make these investments riskier to injured parties than traditional structured settlements.
More and more, court oversight into structured settlement payment transfers is doing what it was intended to do: protect a structured settlement recipient’s best interests.
That’s demonstrated by the judicial opinions in which courts take a …