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Tag: “Ohio structured settlement”

Kentucky Structured Settlement Protection Act Applies To Tort Settlements, Not Workers’ Compensation Settlements, Says Court

Kentucky Structured Settlement Protection Act Applies To Tort Settlements, Not Workers’ Compensation Settlements, Says Court

The Kentucky Supreme Court has rejected an attempt to transfer the rights to future workers’ compensation settlement payments. American Gen. Life Ins. Co. v. DRB Capital, LLC, 2017-SC-000329-DG, 2018 Ky. LEXIS 535 (Ky. Dec. 13, 2018), is the citation for the Kentucky highest court’s opinion in which it held that the Kentucky Structured Settlement Protection Act did not apply to workers’ compensation settlement payments, and therefore the trial court did not have authority to approve a transfer of such payments…

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Federal Magistrate: Terms Of Pre-Structured Settlement Protection Act Transaction Gave Factoring Company Right To Collect Payment

Federal Magistrate: Terms Of Pre-Structured Settlement Protection Act Transaction Gave Factoring Company Right To Collect Payment

A loan agreement whereby a payee agreed to give a factoring company a security interest in her structured settlement payments also gave the company the right to collect the payments in the event of a default on the loan – and since the loan agreement pre-dated the statute governing such transactions, the right to enforcement of the agreement via collection of the payments also pre-dated the statute. So concluded a federal magistrate judge, in reviewing the issue of whether enforcement of…

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