by Structured Settlement Watchdog
Why is Court Approval Necessary (in a sale of Structured Settlement Payment Rights?
Jolted from a dream where Annuity.org had begun to cite sources with aspire to their recently published editorial standards, Ronnie Zelek's mediocre crew of researchers are back. Catherine Byerly is once again the "bête noire", for confusing the "Federal(sic) Periodic Payment Settlement Act of 1982" with the Victims of Terrorism Tax Relief of 2001, IRC 5891 and structured settlement protection. Byerly makes the bungling assertion that the 1982 act mandates court approval for "the sale process". [source Annuity.org website, see below]
Unrelated Acts | How Does Annuity.org Mess Up Fundamental Knowledge About It's own Business?
Not only does the PPSA not have anything to do with factoring, but what factoring regulation has existed since 2002, has nothing (except in Maryland) to do with the sales process. That's what enables lead pimps like Annuity.org to turn out BS about structured settlements faqs for Sutton Park Steve Pasko's bauble, CBC Settlement Funding.
The mandated court approval is only effective if you have judges that are taking their jobs seriously. Retired Judge Dean Sword approved 8 of 11 transactions in less than 2 years for an unemployable African American man with a 4 year old child who was set for life after a child hood bur injury settlement. Other judges dockets wee so full that they had inadequate time to properly consider best interest or any interest before making a life impacting decision. Mostly African American lead paint victims in Baltimore were all herded into another county by an Access Funding lawyer who later took bribes as a liquor commissioner. where a corrupt judge heard their cases as they were scammed. A 21 year old African American New Yorker was forum shopped into Florida where he became a victim of 365 Advance/Novation Funding who shafted him for close to $1.5 million.