MA Structured Settlement Receivables Feed

January 15, 2025

SuttonPark Victim's Already Month Late Check from SuttonPark BOUNCED, Replacement Takes 5 Weeks!

by Structured Settlement Watchdog

Lloyd George (Alias) is a disabled American living in Nevada and an investor in structured settlement receivables. Mr. George thought he was buying a structured settlement. He actually bought a receivable, not a structured settlement or an annuity. 

In or about 2012 Mr. George purchased structured settlement receivables via SHP Financial from Plymouth Massachusetts.  The investment was in a structured settlement receivable from a structured settlement arising out of the settlement with the Measuring Life of a certain individual named Nicholas Cascio ("Cascio structured settelment receivable"). Mr. George says that SHP told him that the structured settlement payment were guaranteed. Now Mr. George is yet another person who bought an unregulated investment from a regulated financial adviser who has been experiencing the humanitarian crisis evolved from the SuttonPark Nightmare Payment Servicing delays.

The Sad Tale of the SuttonPark Tape (in reverse order)

Suttonpark bounced check
What a "Poop Show"

1/2025  SuttonPark snafu due to "transposed numbers"

12/23/2024  Replacement payment for bounced check received 5 weeks later without reimbursement of $40 charge from bounced check

11/18/2024  SuttonPark check bounces, Mr. George incurs $40 fee.

10/24/ 2024  

10/3/2024

8/29/2024

SHP Marketing Practices Concerning Structured Settlement Receivables Were Questioned in 2014

In 2014 I questioned the SHP Financial marketing of structured settlement receivables to investors in a series of posts that highlighted how SHP Financial used the company logos of insurance companies such as American General and Allstate. SHP Financial did not originate the receivables and was acting as an outside marketing rep for receivables originated by Woodbridge Investments.

SHP Financial Using Life Insurer Marks to Sell Structured Settlement Payment Rights as Annuities - Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews April 25, 2014

SHP Financial (shpfinancial) on Twitter  a contemporaneous screenshot capture of SHP Financial Twitter Feed showing how SHP used the logos of Allstate and American General to attempt to drive sale of investments that were not believed to be sanctioned by either of the insurance companies.

SHP Financial (shpfinancial) on Twitter 4-15-2014 screen with SHP using Prudential logo to pitch structured settlement receivables as "Matt says think of this #structuredsettlement as 15 year bank CD".  Not just like a CD, but as a CD.  It was grossly inaccurate.

Twitter / shpfinancial: "You're in good hands..." for ...  4-24-2014 screenshot where on 4-22-2014 SHP Financial used Allstate's trademarked tag line to insinuate Allstate's sponsorship of the structured settlement receivable they were pitching to investors.

Yelp Review March 3, 2014 from Bianca  "I have used this company to buy structured settlements (annuities). They have some of the best rates going. You can get a weekly email with current offers. They will meet you at your home or their office and answer all of your questions. They have a good staff, it's not just a one or two man operation. You can contact them anytime with your questions and will get timely advice".

It should be noted that Mr. George invested in the receivable via SHP in 2012.

Email from David Teittinen Director Sales and Operations at SHP Financial - Alternative Investments dated January 13, 2025 

"Hi Lloyd,

I do not know John Darer but I believe he has a website about structured settlements. I have reached out to Sutton Park (sic, it's SuttonPark) specifically on your situation again today  and am hoping to hear back soon. I know it continues to be extremely frustrating for you, as it is for many others. I work on this daily in the best interests of all of our affected clients and while progress is slow we are making some. Will continue to work on your behalf and will keep you up to date"

Nickle and Dime Fall Out for SuttonPark Victims

Keep track of all late fees that you have incurred due to late or missing payments from SuttonPark.

Examples

  • Late payment penalties for mortgages or bankloans
  • Late payments penalties from credit card companies

Make sure to include these if filing complaints with

  • Consumer Financial Protection Bureau
  • State Attorney General's Office
  • Elder or Disabled Abuse Support Networks
  • Disabled Support Networks
  • Diary all attempts to contact, including dates and times.

 

 

 

 

 

Posted at 07:26 AM in Las Vegas Structured Settlement Receivables, MA Structured Settlement Receivables, Structured Settlement Receivables, Structured Settlement Watchdog®, SuttonPark Nightmare, SuttonPark Payment Delays |

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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?
    Qualified Settlement Funds | What You Need to Know
  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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    with a stable readership that seeks credible structured settlement information, John Darer Reviews, commentary and/or opinion about topical issues related to settlement planning, targeted to lawyers, injured persons and their family members, guardians, survivors, judges, magistrates, special masters, mediators, administrators, trust companies, insurance company executives and adjusters, financial advisers, settlement professionals, financial professionals, insurance regulators, government leaders, federal and state law enforcement, buyers and sellers of structured settlement payment rights, the news media and other interested parties. 4structures.com LLC established this structured settlement blog in 2005. John Darer ®, CLU ChFC MSSC CeFT® RSP CLTC, President of 4structures.com, located in Stamford, CT 06902. John Darer is an experienced New York City area structured settlement expert, structured settlement broker, Certified Financial Transitionist, and Registered Settlement Planner. He holds insurance licenses in 45 states, has 41 years financial services experience and 31 years in the structured settlements and settlement planning space. In his capacity as a investigative journalist and commentator, and professionally, John Darer passionately believes that shining the light on a business practice is both healthy and newsworthy. It is in the best interest of injury victims, their families and their legal advisers, that the settlement planning discussion involve those that are properly trained in the topic, properly informed on the topic and, with respect to structured settlements, properly licensed and/or appointed. It has significant instructional and deterrent value to other practitioners and firms as well as those who may be caught in the cross hairs. WHAT YOU GET here is the straight stuff with a touch of irreverence and humor. We hope you enjoy and find the content to be helpful. Subscribe to the structured settlement blog feed, or a specific category feed through your blog reader, or through the Subscribe button at the top left of this page. Followers of JDDarer™ on Twitter may also receive select content. If you would like to speak with John he can be reached at (888)325-8640 Thank you for reading! Last updated February 18, 2025

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Structured Settlement Best Practices Corner

  • New York Insurance Advertising law requires the full name of the Insurer to be listed along with the city and state of the principal office. Stating that you represent these fine companies using Insurance company logos without the preceding information are also illegal
  • When it comes to settlement documents it is the ultimate responsibility of the lawyers or claims adjusters who receive input concerning the structured settlement aspects of the documents to actually read the entire document, exercise independent thought and advise their clients properly
  • Be aware that financial advisors use of testimonials is prohibited or restricted
  • Most states require that Testimonials represent the CURRENT opinion of the person who made the testimonial. Be prepared to back it up.
  • Number of States That Prohibit Payment of QSF expenses by licensed agents and brokers
    5 Survey not yet complete.

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Why Take a Structured Settlement?

  • 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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