by Structured Settlement Watchdog
In a case of stick to what you know, shambolic reporting has exposed Asset-Backed Alert for not knowing what they are talking about when it comes to structured settlements.
In a November 8, 2019 paragraph announcing a looming $700 million securitization of structured settlement cash flows by Sutton Park Capital, Asset-Backed Alert demonstrates the not so subtle characteristics of an ignoramus about structured settlements.
"In a typical structured settlement, a judge might award a plaintiff in a personal-injury case millions of dollars but give the defendant years to pay it off. In many cases, plaintiffs are eager to sell the receivable to an investor in exchange for a discounted lump-sum payment. The same is true of lottery winners who elect to receive their payouts over 20 years"
- Nobody, but nobody is awarded a structured settlement.
- A settlement is a compromise. Nobody is awarded a compromise. Read What is a Structured Settlement? for more information.
- Following settlement, a person receiving a structured settlement payment is no longer a plaintiff, they are an annuitant or a payee.