Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

by Structured Settlement Watchdog

The forensic work I've dealt with in the just over the last half decade is like uncovering a death pit reeking from the lime covered remains of hundreds of victims of mass murder beamed into your living room or onto the screen of your device from some far off land. In this case we're talking about the "murder" of structured settlement payments providing the only means of support for a severely injured payee. Certain judicial venues facilitate structured settlement murder. The Portsmouth Circuit court in Portsmouth Virginia is a putrid judicial venue that has been exploited by the structured settlement factoring industry and its stooge lawyer, who became a Virginia delegate, Stephen Heretick.

While considering "best interest of the payee and any applicable dependents", it is the duty of every Virginia judge evaluating a structured settlement transfer under the Virginia Structured Settlement Protection Act (pre and post reform) to give it due and deliberate consideration.  For some, the judges have been completely derelict. Terrence Taylor, is the black amputee burn victim upon who Portsmouth judges exercised the indisputable "worst interest" in approving 11 structured settlement factoring transactions in 2 years. His story made the front page of the Washington Post in December 2015.

He filed a lawsuit in Federal Court in Alexandria VA in March 2015. Defendants, Structured Asset Funding/123 Lump Sum successfully got the case moved to state court in Portsmouth and immediately filed a Declaratory Judgment action.  Taylor filed an answer and counter claim. The case has been stopped up ever since. First the judge assigned recused himself. It took more than a year to get a new one. A motion to compel discovery has been pending since 2015. Stephen Heretick, has yet again chosen to receive "legislative privilege". I'm told he files when he wants to and claims legislative privilege when he doesn't. I'm beginning to wonder what Stephen Heretick and his clients have to hide. If they have such a good case and want vindication, why are they not bringing it? The butchering of Terrence Taylor's structured settlement is bad enough (It's a terrible reflection on the structured settlement factoring industry and its system).

What could be the explanation for it taking less time to destroy a disabled black man's life in Portsmouth Virginia than to further the carriage of justice?  (24 months vs almost 4 years)

Virginia delegate Stephen Heretick is a friend to structured settlement factoring companies at the eye of a shit storm swirling between Portsmouth Virginia and Philadelphia. where Heretick is a co-defendant with other structured settlement factoring company clients in a class action pending in the Eastern District of Pennsylvania since September 2017.

The "Jurassic is still out" when examining the "evidence" outside of "Portsmouth Circus Court"

via GIPHY   

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