by Structured Settlement Watchdog
Companies that buy structured settlement payments are notoriously lame when it comes to explaining structured settlements. Intelifund, a Tucson AZ company is no exception.
Intelifund, which is run by Brendan Franks, whose legacy includes being the alleged Access Funding representative who solicited Mary Alice Rose, the gaslight case appearing in the Washington Post in August 2015, that foreshadowed the beginning of an ignominious end for Chevy Chase MD's Access Funding..
"A structured settlement by definition is a form of compensation awarded to the victim (plaintiff) of a personal injury lawsuit against the defendant in a court of law. The majority of cases settle before going to a jury trial, at which time a specific amount of money is made by the defendant to the plaintiff. Often the plaintiffs’ attorney will suggest an alternate to a one time lump sum payment; a structured settlement". Intelifund retrieved 11/12/2017 4pm EST
There must be too much sun in Tucson, because the erstwhile Tweetbombers fail to detonate on the very basic definition of structured settlement. Pathetic.
FACT: A structured settlement is not awarded in a court of law. That's why it is called a settlement instead of "an award".
FACT: A structured settlement is not limited to personal injury cases. That's why competitors of Intelifund scrape court records and pounce on decedents' children as soon as they turn 18 or young adults. See the Michael Lafontant case. See the Settlement Capital case I wrote about the other day.
While Franks may relish your business, consumers of structured settlements should be aware that companies like Intelifund, that peddle cash now for structured settlement payments, are worst sources of advice on structured settlements. Seek advice only from credentialed sources and if you have to sell, then shop around.