by Structured Settlement Watchdog
Structured settlement payment buyers seeking to use Dupage County Courthouse in Wheaton Illinois as a forum shopping venue to skirt scrutiny of structured settlement factoring transactions (or hide highly discounted deals in venues where there is no online search of court records), may as well pick up their sticks, because the word is out.
Perhaps it's time to call in the "Illinois Structured Settlement Factoring Derision", a sub-derision of the "Federal Bureau of Indupendent Professional Advice and other Nonsenseum"?
Sources with ears to the ground, suggest that Texas is getting a greater look now that there is a extended hold back period on release of information to the public.
Then there's Louisiana where conditions exist such that a personal injury lawyer could attempt to shaft his own clients a year after advising them to get into a a large structured settlement, a deal so piggish that it horrified even players in the structured settlement secondary market.
What is Forum Shopping in Relation to "Cash Now For Structured Settlement" ?
Forum shopping, in this context, is a dubious business practice where a structured settlement factoring company, in collaboration with its representatives, deceives its targets creating a fictitious residence a jurisdiction with a judge or judges that have a more lenient interpretation of the state's Structured Settlement Protection Act. Forum shopping sellers of structured settlements can create the fiction within a state (such as Dupage County mentioned here) or across state lines (e.g., prior to Florida's 2016 reforms, "anywhere" to Sumter County, Florida). By deceiving their targets with the fiction (fraud), the unscrupulous actors and their representatives exploit the vulnerability and desperation of their targets to obtain immediate cash, knowing that the targets lack the resources to seek recourse for the illicit activities.
"Structured Settlement Factoring Fraud Is Rampant and NASP is Doing Nothing About It" Says Company CEO
See my November 14, 2018 blog "The Shamster Wheel" | Will National Association of Settlement Purchasers Let It Spin? – Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews
Also see Forum shopping | Wex | US Law | LII / Legal Information Institute Cornell Law School