Backbones, Cornerstones and Misplaced Metaphors in Structured Settlements Galore
A company called Faster Capital has recently published article that refers to qualified assignments as the “backbone” of a structured settlements, flip flopping between “backbone” and “cornerstone”.
- DCF Annuities- No backbone or Cornerstone. Blue circles with arrowed inward arcs.
- Negotiating a Structured Settlement, by CBC Settlement Funding factoring company lead genrator Annuity.org., No backbone or cornerstones, Circles and Arcs. No arrows
- Techmirrow.Net Blue Circles and Green Arcs,
Are Unassigned Structured Settlements Spineless Jellyfish?
Hardly! Did you know that many structured settlements entered into by the United States of America under the Federal Torrts Claims Act (FTCA) are owned by the United States. There is no qualified assignment. But you know what? The United States government has often opposed factoring of structured annuiities owned by the United States of America. And does anyone know of any of those people who suffered the SuttonPark NIghtmare as a result?
What is a Qualified Assignment?
A qualified assignment is a contractual transfer of a liability to make periodic payments in a to a third party (qualufied assignment company). The qualified assignment company company may earn a niminal fee for taking on the obliigation (ranging from $0-$750 for assignment companies related to annuity issuer)
For a deeper dive into the subject of qualified assignments, please visit 4structures.com at the following link What is a Qualified Assignment?
Estimated reading time: 2 minutes
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