Matt Bracy, general counsel of Settlement Capital Corporation tells LBN's Scott Drake that the Scott Rothstein scheme isn't about structuredsettlements.
actoring Channel host Matt Bracy explains California Senate Bill 510 which is designed to protect structured settlement recipients. Matt says the significant substantive changes are (1) a list of factors for the court to consider when determining "best interest", and "reasonableness and fairness", and (2) mandatory notice of the sale to the seller former personal injury attorney, under certain circumstances.
Matt Bracy, general counsel of Settlement Capital Corporation tells LBN's Scott Drake that the Scott Rothstein scheme isn't about structuredsettlements.
Factoring Channel host Matt Bracy explains California Senate Bill 510 which is designed to protect structured settlement recipients. Matt says the significant substantive changes are (1) a list of factors for the court to consider when determining "best interest", and "reasonableness and fairness", and (2) mandatory notice of the sale to the seller former personal injury attorney, under certain circumstances.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population. Settlement Capital Corporation's general counsel and Factoring Channel host Matt Bracy discusses how the factoring industry pushed for a compromise bill after the governor planned to veto it.
After passage by the California State Assembly and Senate, California Gov. Arnold Schwarzenegger on October 11 signed into law Senate Bill 510, which gives greater judicial oversight to prevent predatory practices involving structuredsettlement annuity buyouts. The new law is much needed and will help stop companies from preying on a very vulnerable segment of the population. Settlement Capital Corporation's general counsel and Factoring Channel host Matt Bracy discusses how the factoring industry pushed for a compromise bill after the governor planned to veto it.
A federal district judge in Houston recently issued a permanent injunction against factoring company Rapid Settlements, enjoining them from using arbitration clauses in contracts to circumvent the court approval process.
Matt Bracy explains in this interview with Scott Drake
The California Court of Appeals in Fresno issued a surprising opinion this
week on a group of 11 JG Wentworth factoring cases. In 321 Henderson
Receivables Origination v. Sioteco, the court reversed the much publicized
trial court decisions that had sent shock waves through the factoring and
structured settlement worlds. Among the issues addressed by the court was
the effect of contractual anti-assignment provisions on structured
settlement factoring. In countermanding the trial court, which had decided
that such anti-assignment clauses would render factoring transfers void
even if not raised by the insurers, the unanimous panel of appellate judges
found that such provision could be waived, and in fact that California
public policy is against such provisions and is in fact in favor of court
approved factoring.
For more on the most significant case in structured settlement factoring in
recent memory, click below to watch Scott Drake of the Legal Broadcast
Network interview Matt Bracy, General Counsel of Settlement Capital
Corporation.
The California Fifth Appellate District Court of Appeal has reversed highly publicized decisions by two Superior Court judges in Fresno County, California involving 321 Henderson Receivables, an affiliate of J.G. Wentworth,and the California Structured Settlement Transfer Act (SSTA).
The California Appellate Court decided both cases (Henderson v. Tomahawk and Henderson v. Ramos) on narrow grounds.
A federal appeals court, ruling in a case linked to the 1985 MOVE bombing in Philadelphia, blasted a Texas company that offers lump-sum advances to plaintiffs who settle lawsuits. Rapid Settlements had been sending cases to a Texas Arbitration group when state courts had rejected them. Matt Bracy comments.
A federal appeals court, ruling in a case linked to the 1985 MOVE bombing in Philadelphia, blasted a Texas company that offers lump-sum advances to plaintiffs who settle lawsuits. Rapid Settlements had been sending cases to a Texas Arbitration group when state courts had rejected them. Matt Bracy comments.
Mark Wahlstrom and Matt Bracy discuss the issue of factoring company advertising. We are all tired of the " It's your money, use it how you want it" type advertising and in this video they talk about advertising by factoring companies. If you want to see a real discussion of one of the biggest issues in structured settlements, watch this conversation between two of the industries experts.
Matt Bracy, senior counsel for Settlement Capital and one of the nations leading liquidity firms for structured settlements discusses the process by which annuity holders can factor, or obtain liquidity, for their structured settlement. An excellent tutorial on the process by which a court settlement beneficiary can obtain cash, the cost, the process, etc.
Matt Bracy, senior counsel for Settlement Capital and one of the nations leading liquidity firms for structured settlements discusses the process by which annuity holders can factor, or obtain liquidity, for their structured settlement. An excellent tutorial on the process by which a court settlement beneficiary can obtain cash, the cost, the process, etc.
Mark Wahlstrom of Wahlstrom and Associates and Matt Bracy of Settlement Capital discuss in detail the new structured legal fee loan product that is available through Settlement Capital and Wahlstrom Associates. This loan allows attorneys to get cash from their structured legal fee, but a current or existing contract. Listen to this video and learn how you can participate.