by Structured Settlement Watchdog
On January 25, 2007 I posted a story called "Are Restructured Settlements Legitimate?"
To do a so called "restructured settlement" you must sell your structured settlement payment rights AT A DISCOUNT, which might be substantial, BEFORE other products are purchased to create a new payment stream with the discounted amount of money.
Factoring structured settlements and creating a new cash flow to be paid by the factoring company was also being put forward as a "restructured settlement"
A structured settlement has a distinct definition under the Internal Revenue Codat IRC 5891 (c)(1), wherein the term “structured settlement” means an arrangement—
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In a developing story, I've recently learned that this concept may have been pushed to the "factoring industry" by someone associated with the "structured settlement industry". I'm sure industry members will take comfort in knowing that we have Judas mingling with us at industry cocktail parties.
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