by Structured Settlement Watchdog®
On the night of April 6, 1988, 6 year old Terrence Taylor was watching "Wheel of Fortune" in the master bedroom of his parent's 6 bedroom middle class suburban home warmed by an apparently defective space heater. Unfortunately for Terrence Taylor, disaster and irony struck at the same time and changed his life forever.
The back story to the Terrence Taylor structured settlement may be of interest to those following the lawsuit against 123 Lump Sum et al pending in the Portsmouth Circuit Court in Virginia.
VIRGINIA FAMILY SHARES CHILD'S ENDURING PAIN is Lynda Richardson's a 1989 story from the Washington Post containing contemporaneous recounting of what happened on the terrible day that caused Terrence Taylor's devastating injuries. I encourage readers to have a look at Louise Taylor's words.
Those who have rushed to pass judgment on Terrence Taylor based on some stereotype, without knowing the back story, could well do with this information.
Terrence Taylor received a very large structured settlement from the settlement against the manufacturer of the space heater, in 1989. The structured settlement was supposed to last Terrence Taylor's life time. The state in which he is alleged to have resided when he was solicited, West Virginia, has a structured settlement protection act. Virginia, the state in which the subject structured settlement transfer petitions were submitted,, has a structured settlement protection act. Between 2012 and 2014, 11 factoring transactions approved by two judges in the Portsmouth Circuit court have rendered him destitute and impaired his viability to provide for his daughter. Seven of those transactions involved 123 Lump Sum and associated entities, others involved an entity associated with Client First, which upon information and belief has already settled with the Plaintiffs and other settlement purchasers.