Will Your Structured Settlement Sale Get Legal Approval? Reasons Judges Say No

All proposed structured settlement sales go before a judge in a court of law. The judge essentially needs to sign off on a structured settlement deal, after looking closely at its contractual details and verifying compliance with all applicable regulations. For those who need to sell a structured settlement for cash, this can be a stressful part of the process. Wondering about whether a sale will go through in time for a major purchase like a home or a business can cause a lot of angst in sellers who need a cash payout within a set time.

So what would make a judge reject a proposed structured settlement deal?

One big reason that a judge may give a thumbs-down to a structured settlement sale is that it may not be in your best interest.

Judges have been known to reject a plan for selling a structured settlement because it doesn’t preserve enough of the value of the original structured settlement payments to be considered a good deal for the seller. While it may reassure some sellers that the court is looking out for them, those who signed on to sell a structured settlement can be unpleasantly surprised by a rejection on these grounds, especially if they expect to get their money by a certain deadline.

Judges may also reject your plan to sell a structured settlement for reasons related to “due process” or best legal practices. When it comes to a structured settlement sale, there are some conventional standards that govern this kind of financial deal. A rejection can happen because the structured settlement buyer, the firm that is assisting a structured settlement holder, didn’t prepare well for the court, cut procedural corners, or ignored statutory requirements for the structured settlement sale process.

When you chose CBC to execute your structured settlement transfer, you don’t have to worry that your deal will be denied due to neglect of key details, or because the firm doesn’t have enough experience to present it correctly to the judge. At CBC, we have helped many clients secure payouts from a structured settlement or an annuity, and we provide each client with the personal attention that will give you peace of mind throughout the entire transaction.  Additionally, you should always be prepared to discuss the terms of your transaction and the intended uses for the proceeds.

Talk to us about how to set up a successful structured settlement sale when you need a lump sum payment for major purchases or other financial needs. For more information, please call 877-386-3377.

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