by Structured Settlement Watchdog
Structured settlement payment servicing delays due to the SuttonPark fiasco have real world consequences
Betsy Ross lost her job with an insurance company at the end of October 2024, receiving no severance. To make matters worse, her structured settlement payments have been severely delayed due to the SuttonPark payment servicing fiasco. Without her job income and the overdue payments she relies on to cover her mortgage, she’s at risk of losing her Connecticut home. What an absolutely disgraceful situation!
Background to Betsy Ross Settlement
Betsy Ross (alias) entered into a structured settlement in 2009 that was funded with a US LIfe (originally AI LIfe of New York before merger with US Life) structured settlement annuity. Shortly after her structured settlement was placed (just about immediatelyeately) she was forced to sell some of the payments (see link below this paragraph). I questioned at the time whether she was over structured on this blog and to this day believe that she was. Betsy Ross’ funding was delayed for months due to the shortage of capital available to the funder, Structured Asset Funding in the aftermath of the 2008-2009 financial crisis. The annuity issuer is not known to split payments. Upon information and belief, Structured Asset Funding at the time had its own servicing company. At some point the servicing was switched to SuttonPark.
See my July 28, 2009 blog post Factoring Company Servicing of Structured Settlements MAY NOT Get You Payments on Time – Structured Settlements 4Real® Blog: Structured Settlements | Settlement Planning News and John Darer Reviews
How did Betsy Ross’ payments end up being serviced by SuttonPark?
Josh Wander “started his career in 2003 when he joined Structured Asset Funding shortly after graduating from the University of Florida with a bachelor’s degree in finance. During his tenure at Structured Asset Funding, Josh Wander was responsible for the sale, acquisition, and aggregation of more than $2 billion of annuities and structured settlements”. Source: Joshua Wander Florida | Managing Partner and Founder at 777 Partners | F6S Member Profile
In 2010 Wander joined SuttonPark Capital and in 2015 he co-founded 777 Partners.
Payment “Servicing Agreements Traded Around Like Baseball Cards”
An industry source revealed that it’s common knowledge that “factoring companies trade their servicing portfolios around like baseball cards” . Common knowledge to who? To life insurance companies that issue structured settlement annuities? To an annuitant that may be close to losing her home?
Fast Forward
777 Partners fall into bankruptcy months after Everton takeover bid failed – Liverpool Echo October 2024
Josh Wander Indicted by NY Grand Jury – Structured Settlements 4Real®Blog October 17, 2025
Last updated November 29, 2025