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November 28, 2024

SuttonPark Nightmare Affects Investors in Structured Settlement Receivables

by Structured Settlement Watchdog

Sutton Park Capital has faced significant challenges with its payment servicing operations, leading to delays and client dissatisfaction.

I continue to post victim impact stories. Payees have reported experiencing delays in receiving their scheduled payments, causing financial strain and uncertainty. SuttonPark has experienced a loss of staff, which has further exacerbated these issues and led to a massive backlog. The combination of operational inefficiencies and reduced workforce has raised concerns about the company's ability to manage and distribute funds efficiently, highlighting the need for improved processes and better client communication to restore trust and ensure timely payments.

The complexity of the SuttonPark Nightmare is the competing interests in the mix

The annuity issuer is making one payment to the payment servicer from an annuity, but there will be multiple splits. At the very least, there will be payments to investor, with the possibility of multiple investors or being part of a aggregation for a securitization that could even be bought by an insurance company.

While the life insurance company that insures you life may buy the securitzations, or individual deals {See my 2022 blog First Trinity Life Ins. Co. v Advance Funding LLC | Insurer Victim of Lottery Receivable Scam - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews], there is no evidence I've seen at this point of any deal involving structured settlement annuity issuers. 

How are Investors Also Affected by the SuttonPark Nightmare?

"Boris and Doris" (alias) are a Florida couple in their 80s who bought structured settlement receivables more than a decade ago as a Will suttonpark pay seniors retirement plan investment. $300,000 was invested in structured settlement receivables in 2011 and another $300,000 in 2012. A portion of the receivables were payments from a structured settlement funded by an annuity issued by The Prudential Insurance Company of Ameria and part was funded by an annuity issued by a subsidiary of Transamerica, now part of the AEGON family of companies. AEGON mmeber companies stopped writing new structured settlement annuities in 2006. Boris and Doris have a year left on their payments and when I spoke with them November 27, 2024 they indicated that payment delays began in 2023 and got worse in 2024. 

Initially their servicing was being done through Integrity Funding LLC. I understand from Boris and Doris that at some point things were shifted to SuttonPark and the problems began.  Now Gregory Roper who worked with the couple apparently is trying to get the servicing but he apparently is not returning the couple's recent calls. A voice mail I left for Roper on November 27, 2024 has not yet been responded to.

And there may be other investors affected

The story is very similar to a June 2024 conmplaint about SuttonPark on the Better Bureau which states:

"sold part of my annuity to a company which intern (sic) sold that part of the annuity to suttonpark capital llc a few years ago. Ever since suttonpark capital has been responsible for my annuity payments they have been at least a few days late each payment, with the most recent payment month (I.e this June) being the longest I have ever had to wait around 13 days and I still have not received my payment from them.and I just want to recieve (sic) my payments in a timely manner."

Posted at 09:57 PM in Structured Settlement Receivables, Structured Settlement Watchdog®, SuttonPark Servicing |

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Guide to Structured Settlements 2025

  • What is a Structured Settlement? What You Need to Know
    Structured settlements and what you need to know about them including a helpful introductory video featuring A.M. Best Client Recommended Structured Settlement Expert and Registered Settlement Planner John Darer of 4structures.com LLC
  • How Do Structured Settlements Work? How Structured Settlements Work
    How structured settlements work, including 4structures.com LLC's super helpful structured settlement flow chart/diagram showing how structured settlements fit in on the spectrum of settlement planning solutions.
  • Rated Ages and Structured Settlement Cost
    Rated Ages for Structured Settlement Annuities present advantages to all parties. Shift the mortality risk to a life insurance company which specializes in assessing mortality risk to price its life insurance and annuity products. Rated ages boost your structured settlement annuity benefit per premium dollar, or your yield on lifetime payments. Rated ages help to reduce the cost of funding a Medicare Set Aside arrangement where a Structured MSA, is being used [WCMSA, LMSA or NFMSA].
  • Top Structured Settlement Annuity Companies 2025
    Which life insurance companies issue structured settlement annuities in 2025? A list of current structured annuity issuers, the location of their home offices and their financial ratings from A.M. Best, Moodys, Fitch, Standard & Poors and/or other Tier1 NAIC ratings, with links to their websites and other useful information. Last updated November 3, 2024
  • 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.
  • Compare Structured Settlement IRR to Other Settlement Alternatives
    Use the Taxable Equivalent Yield chart to help compare the Internal Rate of Return (IRR) of a structured settlement to other alternative or complementary investments. Need help with the chart? Call 4structures.com® LLC at 888-325-8640
  • Structured Settlement Payments | Types of Structured Settlements 2025
    In 2025, you can structure your settlement payments in various ways. A structured settlement allows for multiple payment types within one agreement. You can tailor and merge different structured settlement payments to suit your individual needs, either alone or alongside other financial instruments. If desired, diversify your structured settlement by utilizing multiple annuity issuers, treasury-funded structured settlements, index-linked structured settlement payments, and market-based structured options.
  • Structured Attorney Fees for Tax Deferral for Attorney Contingency Fees
    Structured attorney fees offer a financial strategy that provides a unique method for deferring taxes for attorneys and their firms. Attorneys can structure or defer their legal fees independently of whether the plaintiff structures their settlement. There are various ways to structure attorney fees, including capped or uncapped index-linked structured settlement annuities with payments adjusted according to the S&P 500 or another index's positive changes. Trial lawyers might also opt for a special deferred payment/compensation arrangement if they seek market-based returns without a cap. As the year-end approaches, consider adding structured attorney fee specialist John Darer® to your settlement planning team for 2025.
  • Structured Settlement Annuity Company Customer Service Phone Numbers
    Receiving structured settlement payments from your own structured settlement or inherited structured settlement? You'll like this huge time saver. Click the title for a link to a comprehensive list of customer service telephone numbers that includes both current AND former structured settlement annuity issuers and reinsurers. If you have simple bank or beneficiary changes, or if the insurance company that issued the structured annuity has merged, sold or spun off its block of structured annuity business (e.g. Aviva, Allstate, Transamerica, AEGON, GE Capital, Liberty, CNA, Confederation Life), oran annuity issuer has changed its name and you're trying to track them down. Here you go! The list is regularly updated. Last updated December 9, 2024.
  • Structured Settlement Quote Lock-Ins | What You Need To Know
    What does a Structured Settlement Lock-In Mean? How do plaintiffs, defendants and insurers benefit from a structured settlement quote lock in when finalizing a settlement? How does the defendant/insurer/court benefit from using a structured settlement lock-in? Where to be careful when using structured settlement lock ins.
  • What Are Structured Settlement Annuities?
    Structured settlement annuities are annuities that can provide one or more customized annuity payment streams in a single contract. Read about structured settlement annuities here.
  • History of Structured Settlements
    Tracing the roots of structured settlements history from 1918, when Congress exempted damages for personal injury or sickness from income tax, to the establishment of structured settlements as a core personal injury settlement planning tool to the present day.
  • What Are Market Based Structured Settlements?
    Market based structured settlements are an alternative or supplementary structured settlement solution for the plaintiff, attorney or law firm that: 1. Can afford to take some market risk 2. Have discretionary settlement dollars. Claimants and attorneys alike may find that market-based structured settlements provide the opportunity to receive tax-free income, or tax-deferred income, while enjoying growth potential.
  • iStructure |Uncapped Fixed Index Structured Settlement Annuity
    iStructure is an innovative game changing fixed index structured settlement annuity for plaintiffs or attorneys. with an intermediate to long term horizon
  • Structured Settlements and Longevity Risk| What Are the Odds?
    Do your financial resources give you enough road, or will the road run out before you do? A structured settlement annuity helps mitigate the risk of outliving your savings, no matter how long you live. A structured settlement can include one or more customized payment streams and types.
  • Intellectual Property Structured Settlements
    While intellectual property wasn’t a common focus for structured settlements, the growth of IP litigation led to some firms, including 4structures.com, LLC, adapting structured settlements in this context. The 2017 Tax Cuts and Jobs Act shifted some Intellectual Property assets (e,g, patents) from capital gains treatment to ordinary income treatment, while increasing tax rates on lump-sum sales from 20% to 37%, increasing the appeal of structured settlement options for tax planning. Click through for more details!

Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
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  • Firmwide Qualified Settlement Funds Debunked
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  • A structured settlement offers guaranteed financial security to personal injury victims, wrongful death survivors and their families. A structured settlement involves a customized stream of payments, provides long-term stable tax-free income, for a period of years or a lifetime. Unlike other income annuities. a structured settlement annuity can have multiple payment streams to address multiple needs in a single contract.

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