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November 30, 2016

Liberty Settlement Funding issues "JG Wentworth Press Release"?

by Structured Settlement Watchdog

Moody’s concluded October 26, 2016 that the JGW-Peachtree Company has “no tangible capital, with a tangible equity deficit representing -1% of tangible assets, as well as weak profitability.” ,  according to a press release issued in the name of Marc Hermes of Liberty Settlement Funding of Ft Lauderdale .

The press release whines that "J.G. WENTWORTH – PEACHTREE FINANCIAL CRISIS KILLS HOPE OF CASH NOW FOR SETTLEMENT SELLERS AS THE COMPANY’S ACCESS TO CASH DRIES UP"

I've got to hand it to Marc Hermes from Liberty Settlement Funding. The man has chutzpah.

The press release lists as being issued in Radnor PA, concerning JG Wentworth Peachtree, naming Hermes (a competitor) as the media contact as follows, that but for his email address,  would give anyone without specific knowledge,  the misguided impression that Marc Hermes is a representative of JG Wentworth Peachtree.  Is he now? Popcorn lobby

 

"Media Contact

Company Name: The J.G. Wentworth Company®
Contact Person: Marc Hermes

Email: [email protected]

Phone: 866-386-3853
Country: United States
Website: jgwentworth.com"

 

Read more: http://www.digitaljournal.com/pr/3159105#ixzz4RSlNrpL4

The structured settlement secondary market scum show continues.  Popcorn is available in the lobby. 

In other news,  The Washington Post continues to hammer away at the Maryland Cauldron of Deceit in an editorial entitled  "A scam to rip off the cognitively impaired deserves condemnation in court"

 

 

 

 

 

 

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Posted at 12:10 AM in J.G. Wentworth, National Association of Settlement Purchasers (NASP), Structured Settlement Factoring News, Structured Settlement Watchdog®, Structured Settlements in Fort Lauderdale FL |

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  • Treasury Funded Structured Settlements
    Treasury Funded Structured Settlements are a settlement option for the most conservative using the OTHER permissible qualified funding asset under IRC 130(d), United States Treasury Bonds in addition to, or instead of, structured settlement annuities. Treasury Funded Structured Settlements can also be used to fund installment sales, also known as structured sales and other non qualified structured settlements.
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    Ways You Can Structure Your Settlement Payments in 2024. With a structured settlement you can have more than one type of payment in a single contract. Different types of structured settlement payments can be customized and combined to meet your needs on a stand-alone basis, or in conjunction with other financial products. Diversify your structured settlement, if you wish, by funding with more than one annuity issuer, with treasury funded structured settlements, index linked structured settlement payments and market based structured .
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  • What Are Structured Settlement Annuities?
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  • History of Structured Settlements
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Qualified Settlement Funds

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